Balance Transfer question

Mr_Bungle_2

Hi,

I need to do a balance transfer of approx 5k and was wondering if anyone knows of any lenders who can do this in 1 go for someone earning between £20-£25k and has a good credit rating.

I don't want to apply and be accepted for a card with only say a 3k limit and having to juggle between 2 cards. I want it all on one.

There is no other debt besides this card.

Thanks

izools

How much do you owe in total and what are the total limits of all your cards added together?

Mr_Bungle_2

1 card only, limit is about £6250 and I have about £5200 on it. No other debts.

CLAPTON

bizarre
you would rather pay interest on your debt than handle two payments a month? (maybe consider the benefits of DDs)

Greengage

CLAPTON wrote: »

bizarre
you would rather pay interest on your debt than handle two payments a month? (maybe consider the benefits of DDs)

I'm guessing that the author is approaching the end of an "interest free" period and is looking to pay a Balance Transfer Fee on a new card in preference to a hefty APR.

This kind of credit limit is possible with a good rating (try RBS or Virgin) but much will depend on your disposable income (how well placed you are to service the minimum monthly repayment.