consolidation of credit card debt

mr_wheels

I have about £5000 of credit card debt over two cards, can you please advise me on my options. I have approched one of the card companys i'm with to see about consolidating the card with higher interest rate balance to the one with the lower but have been refused. Can you help ?. Thanks

Longpockets

1. Which cards do you have?
2. Get you credit reports from both Experian and Equifax, £2 each and you can do the requests online, to check that you don't have a problem with your credit files.
3. If neither of your cards is an Egg card then apply for the Green Egg card and request a BT of both the debts to it, assuming you obtain a high enough limit. This should get you 9 months @ 0%. Even if you can only transfer a part of your debt it should help you.

All the best

YorkshireBoy

Longpockets wrote:

If neither of your cards is an Egg card then apply for the Green Egg card and request a BT of both the debts to it, assuming you obtain a high enough limit. This should get you 9 months @ 0%.

Sadly, applications made this month run only until 1st October at 0%, which means the 0% period could be down to 5 months or so by the time the OP's application has gone through.

How about Capital One or Virgin - both 0% for 9 months (check Sunday papers for the Capital One form).

Alternatively, Barclaycard 0% 10 months - but the BT charges are high at 2.5% and their max BT is £5K

HTH
YB