Not enough credit to transfer existing debt?? help!??

ruthyroo

I have a few credit cards and have spent the last two years transferring the balances to these to take advantage of 0% balance transfers. I am now in a position where I cannot get any further credit and the card companies are only giving me a small amount of credit (not enough to transfer balances to). I only owe a very small amount in comparison to others but need to clear this asap. My other problem is I am too ill to work at the mo and I am living off pension/insurances and benefits! Companies dont seem to want to help or know!!??:((

Tixy

Its certainly getting harder to get new credit, and if your income is low then obviously the balances will be as well.

What cards and balances and APRs do you currently have open? Do you have any open old cards with no balance?

If you can't move your debt to new deals and can't shuffle to make it cheaper then you may just have to accept interest being charged.
Can you afford to meet your current minimum payments on your cards from your income? if you cannot then you might need to consider defaulting and trying to arrange a reduced payment plan and asking for interest to be frozen - obviously this will have an impact on your file for years but if you cannot afford to service the current level of debt this might be something to consider seeking advice on from one of the debt charities.

Pixel-jockey

I guess if you can't transfer it all then at least transfer as much as possible from the cards which will revert to the highest rates.