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cant seem to get accepted for credit cards

nelliejohnturner1980 · 2011-01-15 13:47:25

Hi there everyone just want to query why even though i have a good credit score as far as im aware, ( i have never missed a payment on any loan or anything else for that matter) , i cant seem to get accepted for a credit card to balance transfer to a 0% card. I currenly have 4 credit cards each with balances on them and i…

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Any Posts: 7,959 Forumite

16 January 2011 at 6:06PM

The answer is exposure-how much damage could do if you went mad,lost job,fell in love with a scammer..
Banks limit their risk by limiting the exposure. Banks are more careful nowadays.
It is not necesarily good thing to lower you limits, but when you reach point when you have too much what else is there to do?

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