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Balance transfers when not employed.
philipcooper
Posts: 46 Forumite
in Credit cards
I have recently come out of work and I have two credit cards which I am trying to balance transfer. I have never had any problems in the past but now I am getting rejected. I have got good credit and never missed a payment. Would it be as I am not employed they will not take me now. I have got good guaranteed income also.
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Comments
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philipcooper wrote: »I have recently come out of work and I have two credit cards which I am trying to balance transfer. I have never had any problems in the past but now I am getting rejected. I have got good credit and never missed a payment. Would it be as I am not employed they will not take me now. I have got good guaranteed income also.
Most likely. If your good guaranteed income is from self-employment then once you've been self-employed for a period of time you'll hopefully have better luck in the future.
Be aware that each application leaves a search on your credit report. Make one application every three months and it won't have any significant effect."A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
Thanks for reply. I am on bennefit now as I had a accidentt in work but I got a compensation award and bought a house so the guaranteed income is from rent. Probably going to have difficulty balance transferring in the future now.0
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