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Balance Transfer problem

Hi guys,

I am new to sorting this stuff out. I had an Egg credit card which has since changed to Barclaycard. However, it has a £2000 debt on it.

I applied for another credit from Barclaycard, the Platinum one. Hoping that it would transfer the balance from my old one to save the horrific interest. I got accepted but they are only offering me £250, which has been cut from my old one. They sent me the card before telling me this.

I am trying to make substantial payments to my old one but I'm nearly trapped with the payments. How can escape paying the interest etc ? if possible. Please help

Steve

Comments

  • Have you spoken to them about shifting the balance and the limits between the cards? They might be willing to help.
    Total Debt Feb 2012 [STRIKE]£12,153[/STRIKE] 10674 16.5% Paid

    Halifax Credit Card £4448.6. Loan 1 £3000. Loan 2 £2696.13.

    Aiming to be debt free by 31/12/2013.
  • No, I haven't. Although I was thinking of it. Now you have mentioned it I will phone them. Thanks
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I applied for another credit from Barclaycard, the Platinum one. Hoping that it would transfer the balance from my old one to save the horrific interest. I got accepted but they are only offering me £250, which has been cut from my old one. They sent me the card before telling me this.

    You can't BT From one Bcard to another anyway, so it was a futile exercise in any case. You need to apply for a card outside of the Barclays stable.
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