Why can't i get a 0% balance transfer card???

cusackd79 · 15 October 2009 at 8:50PM

Can anyone advise me as to why I cannot get approved for a 0% balance transfer credit card? I’ve applied for 3 in the last 12months & keep being declined............................................
I’m a 30 year old co-habiting female living in private rented accommodation for over a year.
I’ve been in my current full-time employment for 3 years. My annual income is £14,000. I have had 1 visa card for 10 years which is not at it’s limit & I have only ever been late on 1 payment for.
I have only ever had 1 personal loan which I have never defaulted or made late payment on.
I have no store cards and have been on the electoral register for nearly a year.
I have never had any CCJ’s or been declared bankrupt.
I applied for quite a few personal loans online over a year ago but was unsuccessful also.

bingy_burge · 15 October 2009 at 9:05PM

You havent been at your adress more than 3 years > that lowers your score.

Your a tenant not a home owner that counts against you

You have a lowish income : Most prime cards like 15k plus some over 20k.

It would help to know who your visa card is with how much the limit is and how long you have been using it.

Do you clear the balance in full or are you paying off money borrowed on it?

Also its advisable to do no more than 2 credit applications in a 3-6 month period: Once lenders see 3 or more most will reject you as they will assume your deperate