We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Balance Transfer problem

Ok so I'm a fool and didn't check before I got my HSBC credit card, I got it to transfer the balance from my m&s card but as I found out they are both part of the same family!! so now I'm stuck my credit rating is rubbish so I can't get a different card I don't have any friends and can't ask my parents to transfer it from m&s to them then back to hsbc, is there anything I can do? Another option I have thought about is using it to buy all my food ect on but that won't work either as I have an overdraft :(

My m&s is currently running at £2600 20%apr .

Anybody with any advice it would be greatly recieved

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    How recently did you get the HSBC card?
    Have you tried getting another card since but been declined?
    Has anything changed in terms of your finances/credit history since getting the HSBC card?

    It might be only that your available credit is stopping you getting another card. If you are not going to use the HSBC account then close it down so it no longer shows as available credit on your credit file (can take 6weeks or so to update). Then you could try for a credit card from a different bank.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.9K Work, Benefits & Business
  • 617.1K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.