3 credit cards - 2 of them the 0% interest id finishing some advice please

curlyboy

First of all Merry Xmas everyone

I have 3 credit cards

1st - £1800 balance.barclay card platinum - 0% interest ends, end of Jan 2010 - £38 per month


2nd - £940 balance..Tesco card - 0% interest ends , end of MArch 2010
£19 per month

3rd - £375 balance - Abbey 17.9% - £25 per month

Ive taken a out a new mobile phone contract in November 2009 will that show as a search on my credit rating

No credit searches since April 2009 prior to that 3 searches in Jan 2009

Would my credit rating have improved ? ??
Shall I re apply for a new credit card and try and transfer it all on to one card interest free..? ????


advice many thanks all

lisyloo

The mobile phone contract will show as a search on your credit report.
One search will not have a big effect.Do you have the money to pay off the cards?If so I'd just pay them off as there is not much financial benefit to sttozing considering BT charges in most cases.If you can't pay them off then yes you should either tr y to xfer to a 0% bt card or a low life of balance card to pay minimum interest.

System

Hi

I'd say yes, apply for another 0% BT card.

Go for one from the MBNA stable, Virgin being the best deal at 16 months 0% (2.98% BT fee). MBNA tend to have generous credit limits so you may be able to transfer the lot over and simplify things.

Regards
UNDERGROUND

http://uk.virginmoney.com/virgin/splash/cards.jsp

curlyboy

thanks first i cannot afford to pay them off

2nd my abbey card is part of mbna so cant apply for virgin

wat other cards and offers at moment do you think

cheers

System

curlyboy wrote: »

my abbey card is part of mbna

I thought Abbey had brought all their cards in-house to Santander? Or are they still in the transition process?

UNDERGROUND

curlyboy

abbey and virgin are mbna so cant apply for virgin card

curlyboy

any other suggestions do think its best to pay off the £275 I owe with abbey thats leaves me with 2 c/c with barclays and tesco..

also do they take into consideration that my barclays current account i dont use is £1200 overdrawn im paying that bit by bit, do lenders/creditors know that ??

binaryuniverse

Pay off the Santander. Then I'd apply for a Virgin card and use that to pay off the other 2 cards, if you can.
Lenders can see most credit accounts (be that Credit cards, loans or overdrafts and such) but you need to get a copy of your Experian and Equifax reports to know just what exactly they'll be seeing.

stev1664

i think what you could try is ring up one of them and tell them you've been offered a 0% balance transfer elsewhere and you're considering it, at least they'll offer you lower interest rate.

curlyboy

so happy got excepted for a egg card instantlyon the web 13.months interest free..£4k limit......................appy...days...very appydays

transfer all 3 cards on to one card

im over the moon

im my car accident claim is going through for me and the missus wat a start to the new year