No way out....

CannyJock

Rochdale_Guy wrote: »

what do I try and transfer onto the HALIFAX card when I apply properly

I'd put £6,650 from the MBNA card (balance plus interest)
Plus the £2,980 from Egg
Plus the £3,395 from Mint
Plus the £1,525 from RBS

There's a snowball's chance in hell of you getting all of it, but there are some anecdotal ideas that asking for large balance transfers encourages larger credit limits (Rodent on the stoozing site asks for £20k as standard and swears blind it works, but he's in a very different position from you).

If you're declined, you can refer to your application and the fact that you want to transfer and close the cards, not increase your overall credit. If you're accepted but not with the limit you're hoping for then you can appeal the limit for the same reason.

You've basically got nothing to lose You're going up the congo in a banana boat using a sieve as a paddle. You'll get there, but not without a lot of hard work.

If I were you, and depending how you get on with your shuffle, I'd be thinking about another application in 3 months time to shift debt onto a lower and lower APR basis, with some on 0% for a while if possible.

You're in for a long slog so be prepared for various rejections while you work through your debts. Keep us posted with your progress.

P9uma

Any wrote: »

The OP has stated he has problems to pay the minimum repayments. I don't think you've read the whole thread.

Constructive help is always welcome, but for that people need to read the whole thing.

So, not only are you sarcastic you are patronising too. I did read the whole thread, and that is why I suggested what I did. It was only a suggestion.

Rochdale_Guy

CannyJock wrote: »

I'd put £6,650 from the MBNA card (balance plus interest)
Plus the £2,980 from Egg
Plus the £3,395 from Mint
Plus the £1,525 from RBS


You've basically got nothing to lose You're going up the congo in a banana boat using a sieve as a paddle. You'll get there, but not without a lot of hard work.
.

Really made me laugh that in this crisis of mine

Can I not just put in the current balances off each card when applying i.e. the £500 off EGG, and the respective amounts off each other card unlike your example above?

And, it is really safe applying for a credit card using a computer in a library? Or is it okay as long as the https:// and padlock is there?

Thanks....

Rochdale_Guy

FACT: I have a problem repaying the minimum amount on the MBNA card which has rocketed to £150 a month (when it was £30 odd a month).

P9uma

Rochdale_Guy wrote: »

FACT: I have a problem repaying the minimum amount on the MBNA card which has rocketed to £150 a month (when it was £30 odd a month).

Ahh right, the that's my idea out the window then, I must've missed that point.

Sounds like balance transfers if you can do, and get more work, which easier said than done. You're in for a challenging time whatever you do, but you know that.

There is of course bankruptcy, but there are many people on this site who would not advocate that, but it is an option, and within a year you will be probably be discharged, but it's unlikely that you will able to get credit for about 6 years, but that won't be any hardship.

CannyJock

Rochdale_Guy wrote: »

Can I not just put in the current balances off each card when applying i.e. the £500 off EGG, and the respective amounts off each other card unlike your example above?

You can, but you'll have residual interest to pay. Use the search facility to look up "residual interest" if you're not sure what that is. I'd put in the numbers I listed .... but then I would, cause I listed them The £60 or whatever the difference it makes won't make any difference one way or another to whether you're accepted or not - on the 1% chance that you're successful with all of them, it'll save you money

Rochdale_Guy wrote: »

And, it is really safe applying for a credit card using a computer in a library? Or is it okay as long as the https:// and padlock is there?

That'll confirm that the site is secure. Delete your browsing history, temporary files and all cookies once you're done and should be fine.

Rochdale_Guy

My world has caved in....

I tried for the HALIFAX 6.9% and got:

"I regret to inform you that after careful consideration your application has not been successful on this occasion"...

CannyJock

Rochdale_Guy wrote: »

My world has caved in....

I tried for the HALIFAX 6.9% and got:

"I regret to inform you that after careful consideration your application has not been successful on this occasion"...

Just means try again in 6 months.

Wait 3 months before your next application for anything else.

The previous shuffle didn't need the Halifax account, so it's not the end of the world.

Have you spoken to your existing card providers to see if the shuffle is possible?

Rochdale_Guy

Full response was.....

YOUR APPLICATION DECISION

Your application reference no: - XXXXXXXXXX

I regret to inform you that after careful consideration your application has not been successful on this occasion.

When we receive an application, it’s reviewed using both credit scoring techniques and a credit search, to establish an applicant’s suitability to take on unsecured credit.
We believe that we should act as a responsible lender in order to protect not only ourselves, but our customers as well.

The information that you’ve provided indicates that the level of credit you’re currently committed to, in relation to your stated income, is higher than our present lending criteria indicates.

If you’ve any additional information that you wish to be considered please contact us at the address below:

Card Services, Underwriting
6th Floor
1 Lxxxxx Pxx Rxxx
Lxxxx
LS1 XXX

We’re sorry that we’re unable to assist you at this time, but thank you for your interest in a Halifax Credit Card.

Please ensure you’ve made a not of the above details should you need to contact us.

Rochdale_Guy

CannyJock wrote: »

Just means try again in 6 months.

Have you spoken to your existing card providers to see if the shuffle is possible?

Not had chance yet.

Thing is I didn't even get accepted for the higher 12.9% APR card - things aren't looking good....