Tart In Trouble

claremann

I have been transferring from one 0% card to another quite happily for a few years. My latest card's (Virgin) 0% rate has now ended and I was looking for another card to balance transfer to, applied to Capital One for their 14 month 0% offer and have been turned down! Don't really know why but it may be that I havn't put divorced on the application form before. Now the interest is stacking up on the Virgin card and I'm not sure what to do next, any advice?

alared

Pay it off.
All this talk about stoozing and people boasting "I`ve got £100k of credit card money in a savings account earning interest" is a load of nonsense.
At the end of the day you owe money, and it will ,sooner or later, catch up with you.

Pay it off and get debt free.

King_Of_Fools

claremann wrote:

I have been transferring from one 0% card to another quite happily for a few years. My latest card's (Virgin) 0% rate has now ended and I was looking for another card to balance transfer to, applied to Capital One for their 14 month 0% offer and have been turned down! Don't really know why but it may be that I havn't put divorced on the application form before. Now the interest is stacking up on the Virgin card and I'm not sure what to do next, any advice?

Pay the money back using the savings you have put aside to cover the debt then start again using a 0% purchases card.

kuohu

The OP might not be a stoozer. Could be a rate tart shifting a debt around...?

newleaf

kuohu wrote:

The OP might not be a stoozer. Could be a rate tart shifting a debt around...?

This is the impression I get - it's her first post.

PoorDave

Does "Tart in trouble" not give away that the OP is a rate tart not a stoozer?

kenshaz

I suggest she looks at her credit report,if she has the money pay it off ,if not
the situation is a lot more complex and more detail is required

King_Of_Fools

You can be a rate tart without being a stoozer and still have the money saved up to pay off the debt.

newleaf

OP, we need more information please.

nearlyrich

alared wrote:

Pay it off.
All this talk about stoozing and people boasting "I`ve got £100k of credit card money in a savings account earning interest" is a load of nonsense.
At the end of the day you owe money, and it will ,sooner or later, catch up with you.

Pay it off and get debt free.

I can't say I agree with this statement, it is getting harder to find cards with 0% and no BT fees but it can still be done and what's wrong with borrowing money from the bank and making some money from it?;)

To the OP, check out your Credit reference and have you any dormant CC's that are offering a better rate on a life of balance currently? Might be worth transferring as Virgin interest is quite high.

alared

Stoozing,rate tarting, it doesn`t matter it`s still a debt.
Pay it off and don`t let it build up again.
Piling up debt is no good to anyone.(except the card companies)