Where do i go from here??

paulburns1984

Hi all,

Just a bit of advice really as to where I go from here?

My virgin 20 month 0% card recently came to the end of its interest free period andin looking around to transfer to another 0% deal I looked towards the 22month 0% Barclaycard.

I have about £3300 on the Virgin and applied to transfer the full balance to the barclaycard and....... no dice! Rejected

Now I've never had bad credit or adverse credit history. Have always met direct debits and have been transfering this debt around on various cards (about 3 or 4) for about 5-6 years without a problem.

Is this something happening more and more now? Where do I go from here? I don't want to just apply for another without checking with you guys who are so 'up' on all this stuff. I don't want to go and get another search and rejection on my file..

Problem is while this goes on I have just had my first month where the minimum payment jumped from £30 up to £70 where 40 of that is just pure interest

Really appreciate any help.




EDIT: Just another thing that might be important. I am moving from my 18k job to one that is minimum 3 year contract at £26k in September. Would it be an idea to wait until that new wage comes in before applying elsewhere? Or? I jsut don't know where to go

Tixy

Whilst a higher wage might help a credit application a recent job change could outweigh that as a negative.

You say you have transferred this debt around a few times - do you still have any of the previous cards open but unused? if so you could see if any of those might offer you an existing customer deal - either low life of balance or a 0% deal.

Do you have other debts in addition to the £3300? do you have a lot of available credit open to your on various cards etc?
The banks are certainly being generally more careful with opening new credit accounts - especially when looking at affordability etc.