Worth switching to M&S card? Bad for credit rating?

airchie

Hi folks,

I have about £5000 on credit cards and have decided to stop spending frivolously and try to clear them off.

I've been tarting for a couple of years but I just want to go for the stable relationship now.

After reading about the Barclay card's life of balace offer I applied and recieved it.

One problem, a limit of £1600 means I couldn't transfer all the debt!

Is there any way to make sure I can transfer all the debt to one card or is it better to transfer it to several cards?

I've just read about the M&S card with the lower interest rate for life of balance.

Obviously I would like to move all my debts to the card but how can I be sure they will transfer all my debt in its entirety?

And if they won't, is it likely to be bad for my credit rating if I switch the rest of the debt from my virgin card to an M&S card?

Thanks in advance.

The_Boss

I cant imagine it being bad, unless you are close to your salary in terms of total available credit.

Give it a go.