constant balance transfers - where to now?

audz48_2

Over the last 5 years i have had numerous credit cards, doing balance transfers in order to avoid interest charges. I have three 'active' cards but now drowning in interest charges, only managing to repay the minimum on each card, therefore I want to apply for another no interest card. Unfortunately I have been declined twice and im scared to apply again as i believe constantly applying for new cards can ruin your credit rating. As far as im aware my credit rating is 'good' (after completing martin's test). Anyone any suggestions, thanks

jonesMUFCforever

Talk to your bank - you are reaching the point where balance transfers is becoming a no no - so now it may be time to consider a loan to clear the debt completely.