Balance Transfer Question

DSLondon2011

I am current £7,500 in debt over three credit cards (Virgin, BarclayCard and Capital One).

What are my chances of getting a fourth credit card that will accept a balance transfer all of my debt?

I have been keeping my payments up-to-date but am frustrated with the amount of interest I am paying and want to clear as much as I can ASAP.

Any advice is welcomed

lisyloo

You'd need to give some clues about income and available credit.
Numbers are better but if you don't want to put them up then % credit used and % availabel credit to income would be useful.

YorkshireBoy

lisyloo wrote: »

Numbers are better but if you don't want to put them up then % credit used and % availabel credit to income would be useful.

And then we'll work out your income from that.

But seriously...

Income?
Credit limit per card?
Debt per card?
Any other debt?
How many years credit history, as verified by a CRA search?
Home owner?
Age group? eg 20-30, 30-40, etc
On Electoral Roll?
Time in job?
Time at address?
Time with bank?
Financial associations?

...all go into the decision-making process, so you won't even get an educated guess based on what you said in your OP.

DSLondon2011

Sorry guys. I'm new to this site:

Im 26 Civil Servant on £24,000 p.a.
£650 rent per month (London), 2 years at address, on electoral roll
Been in job for 2 and a half years

Virgin Creditcard = Limit £4000, used £3922
Barclaycard = Limit £2000, used £1935
Cap1 = Limit £2000, used £1450

Creditexpert report says 98% of credit used

I have been in debt for the last 4-5 years

Been with Natwest for 11 years - £1000 overdraft on Student account

Thanks

DSLondon2011

Any help with my question?

YorkshireBoy

You're maxed out on your used to available ratio and that will go against you in a big way when they credit score you.

I'd say your chances of getting the whole £7.5K debt onto one card are slim to none, sorry!

NatWest may be an option for some of the debt, especially if they receive your salary and the current account has been run well?

If that fails then your best shot might be a multiple application blitz, and hope you get 2-3 small limit cards. This will trash your credit rating in the short term though so bear that in mind.

DSLondon2011

thanks for the advice