Balance Transfer 15K

cjohnson355

Hi,

My hubby owes 15K on Barclaycard :-( He has applied to transfer the balance onto a couple of 0% card but has been refused.
With only four years left on our mortage he applied for a secured loan but again was turned down. The bank said if he tries other companies then they ask our bank and the bank will say no. I don't understand as we have loads of collateral in our house.
We're in despair. Although he's paying £300 a month off this card it barely covers the interest. Does anyone know of a decent company that perhaps will accept an application? Obviously the 0% over two years that Barclaycard are offering at the moment would be fantastic but think there is no point in applying.

Thank you to anyone that replies

Kate

CLAPTON

what do his credti records say
what is his income
what are his debts

exel1966

cjohnson355 wrote: »

Hi,

My hubby owes 15K on Barclaycard :-( He has applied to transfer the balance onto a couple of 0% card but has been refused.
With only four years left on our mortage he applied for a secured loan but again was turned down. The bank said if he tries other companies then they ask our bank and the bank will say no. I don't understand as we have loads of collateral in our house.
We're in despair. Although he's paying £300 a month off this card it barely covers the interest. Does anyone know of a decent company that perhaps will accept an application? Obviously the 0% over two years that Barclaycard are offering at the moment would be fantastic but think there is no point in applying.

Thank you to anyone that replies

Kate

So he's applied for 3 lines of credit and been turned down for all three. How long ago were the applications and what time span between them ?
If all recent DO NOT apply elsewhere as you'll be doing more harm than good as you'll look desperate to potential creditors. They will see the other applications, though they won't see you've been rejected.

There are also very few companies which will offer a credit limit of £15k to a new customer and those that do will ONLY give it to someone with an excellent credit history.

The fact that you only have four years left on your mortgage is irrelevant and so is the collateral if creditors think you're already financially stretched elsewhere.

EDIT : After reading your other posts things do not add up ??????????????