0% Card failure. How Long Before Trying Again ?

mayfly1

The interest on my LLoyds TSB card is crippling.
Earlier this year I tried to get several of the main 0% credit cards.
All failed.
Since then my finances have improved greatly and I haven't missed any payments on anything for many months.
But as we know - multiple applications go against you.

How long should I leave it before trying again ?

Thanks.

NB. What a brilliant website. Martin should be knighted !

cifpower

What cards have you applied for?

Searches stay on your file for 12 months and applications to the same company need a gap of at least 6 months

Tixy

It is suggested to do no more than 3 credit applications in any 6 month period, as this can affect your rating. If its been more than 6months then might be worth trying one card but if you are declined probably not a good idea to keep trying others.

Do you know why you were refused? - its always best to ask why and they will usually give you a idea.
If you have any defaults/ ccjs on your credit report then your chance of getting one will be slim until they fall off. Have you checked your credit report recently?

mayfly1

Blimey - you people are quick ! Thanks both for replying.

I tried Virgin, Vanquis, and others. (Can't remember which.)
I didn't ask why I was refused.
Just guessed that it was due to late card payments.
Rarely defaulted altogether and paid double the next month anyway.
I have no CCJs etc.
If searches stay on record for 12 months - is there any point in trying again after 6 months ? Reckon I'll leave it for the full year.

Thanks again.

cifpower

If Vanquis declined you there could be something astray on your credit file. I would get a copy of each from Experian and Equifax (£2 each) and see if there is something there that shouldn't be. Also, make sure you are on the electoral roll.

EDIT - http://www.moneysavingexpert.com/loans/credit-rating-credit-score#files