What should I do?

twist-and-shout

Im sorry to tell you this but star-fire you are wrong. You only have to be over 18 have a bank account and live in uk.

niki23

My father had the same problem with the Egg Money card, so he rang them up and asked them why they wouldn't accept him as he was earning a salary and a home owner. They said they would have to interview him, so he sat on the phone for 45 minutes answering questions and they finally accepted him. Ok you don't own a home but you could try ringing them up and doing this strategy.

That or just put on the card as much as you possibly can each month without bankrupting yourself and cut up the cards so you can't use them. A friend of mine managed to pay his off in 2 years doing this (well 8000 - 1500).

I started a regular saver last year partly because I knew that when I put on small amounts of my credit card I was too tempted to use it again as it felt like it wasn't going down. Then at the end of the year I paid off mine in one lump sum, although it was not as much as yours (1600). It is very painful to see your savings disappear in one lump sum like that, so now I am being much more careful about spending on it!

BLT_2

Rvoice100 wrote: »

That's what I thought, after being with abbey for 10 years then they screw me over. I just wish someone could make the decision to give me a loan or 0% card instead of a poxy computor. Anyone could seeit would help me reduce my debt not make it worse!

I guess the companies see the idea of borrowing your way out of debt as something of an oxymoron .

Further to the above I note that you have 2 credit cards but also that Santander have reduced your overdraft BY 900 pounds, which implies a large overdraft facility, all of which is recorded on your credit record.

Companies researching will see 2 x credit cards with minimum payments, a large overdraft and then see you requesting further credit. When calculating their exposure they look at your current position circa 10k at best, they then add their loan/credit card limit to that and come up with a figure of 20k as they have no guarantee you will actually utilise the loan/CC for the purpose you state.

Clearly their point of view is that if you are attempting to consolidate 2 credit cards and an overdraft as you can't afford it, how are you going to actually pay them?

Obviousl