Need help re: credit card repayments

binaryuniverse

I won't be able to get a new 0% card. Certainly nothing with a long BT offer. My current HSBC card has offered me 0% for 6 months which can cover the entire £5300ish that I owe. But once that is over I'd be a bit screwed on the interest (17.9% compared to the 3.97% average I currently enjoy) and the only other card I'd have to transfer to at a low rate would be my Barclay card that has a £2300 limit. So it's not something I'd rush in to.

almost_there

Give em a ring on 0121 7024564. When you get through to account services give them your reference number.
I just did and they've given me a limit of £2000!! :beer:


Can you not use your mastercard as going by above you have 2k to spare!

almost_there

Going by the post below, you appear? to have an available £10700, so whats the problem, if you was totally on your ar*se by all means ask for help, but not if you're on here stating you have an available 10K +


Well now I have that card with 2k on it I'm using about £5300 of £16000
available. Cards arrived this morning with 18.9% on purchases. Not bad.

binaryuniverse

That's 10K that isn't mine to spend. Nor would I be able to afford the minimum payments if I did. The ONLY reason I have been applying for new cards is for the promotional rates to keep my average interest rate over all my debt at a minimum. Plus I applied for that card before I knew I had lost my job.

I have had no desire to run up more debt this past year. Even more so now.

Debt_Free_Dreamer

Well said. I thought this site was about saving money and clearing debt, not trying to get credit and rack up even more.

Speak to the lenders, don't try to borrow more. The hole will only get bigger....

Good Luck in finding a new job soon.

binaryuniverse

Thanks. Not sure why almost there thought that spending my way out of trouble was a good idea. It unsurprisingly hasn't worked for Labour and it certainly won't work for me. Even if my cards are clear and I had the full 16k available to me I wouldn't be spending on them unless it was an emergency.
I have been working hard over the last 12 months to reduce my debt with a lot of help from this site (before I started I was a rate of about 22% APR and getting nowhere - now down to 3.79% and the debt is falling) so I don't want to undo all that hard work. And just because I'm out of work doesn't mean I can't give any help on advice on this board to other people that may find it useful.

Anyways, a caffeine fuelled Saturday morning ramble there.