Too much to balance transfer?

scotvik

I currently have a Lloyds TSB Advance Mastercard with a credit limit of £10,000. I have currently £9,730 to pay back but the interest is around £100 a month and the minimum payment is around £200 a month which I struggle sometimes to pay due to partner being in and out of temp jobs.

I would like to transfer this so I don't have the interest but I am not getting accepted probably due to the amount I wish to transfer. I don't want to get a loan as I already have one and don't want another one.

Has anyone else been successful with a balance transfer of this size?

Verbatim

Yes, but it will depend on salary and credit reports. have you tried Egg? But if you're getting refusals it may be better to wait 6 months or so and get hold of your credit report in the meantime. Just having multiple applications can, I believe, damage your "rating". See the articles on getting your report for free and how decisions are made.

YorkshireBoy

Just to add, if you're struggling now with 2% minimum payments, be sure to avoid any cards with 3% minimum payments when you make your next application.

You can check out a list of BT cards and their minimum payments here