Can anyone help me - transferring balance on a 'fair' credit rating

dr_moomoo

Posted this elsewhere but got no responses so hoping perhaps you guys can help!

I could really do with some help. Due to being stupid I have wracked up quite a bit of debt on credit card. I moved into shared accommodation to try and improve things and while I am no longer using my credit cards one of them, the balance being £1,700 *hangs head in shame* is crippling me. I pay about £35 a month back and then get charged £22 interest. This is on Egg. Egg offered me a loan but at 17% so it wouldn't make much difference to my situation. I want to apply for an 0% balance transfer or a low-rate loan but am worried about my credit score.

This has come up as 'fair' and then some scummer tried to use my ID (you've got to laugh, really, of all the IDs to choose he took the one least likely to get him any credit!) and applied for 4 cards. I now have protected registration (or whatever it is) and check my credit score regularly, and these footprints have now been removed.

I last applied for a 0% card in October and got turned down but I'd only just moved into a new property which apparently doesn't help your credit score. I work as a mystery shopper and had to do a loan assessment for one task - this has left me with a footprint but the company are going to remove this 'footprint'. I was told by the loan company my credit score was quite low and they would lend me £4k.

I have never defaulted on any payments but I think the problem is I have applied for 0% cards too many times.

I have now amalgamated my cards in a loan although I still have a couple outstanding, but these are all cut up and on low interest so they don't worry me so much. The Egg card though is worrying me, and I am now having difficulty sleeping.

In a nutshell, can anyone recommend a credit card which would offer a 0% transfer to someone whose credit score isn't great? If so, how long should I leave it before applying again?

Sorry for the long post and thank you in advance for your help.

katecheshire

Why not try for a low 'life of balance' card instead? There are some for 5% or less.

crawley_girl

Hiya

My credit score is not great but I was accepted for a Egg card and then 6 months later, by Virgin Money. Bot limits were fairly high.

My friend did exactly the same at exactly and his credit score a lot lower and he was accepted for both of the cards.

HTH

:heartpuls CG :heartpuls

dr_moomoo

Thank you both!

I've not heard of a 5% balance card, are there any you can recommend?

I had a Virgin card last year but paid it off and cut it up - this was in September; do you think it is too soon to apply for another?

silkglade

Hi, Your Virgin Card - did you cancel it or just cut it up?

If you just cut it up then ask them for a replacement and ask them if they have any special offers that you can take advantage of if you transfer another credit card balance to them

Hope this Helps

and should not affect your credit rating as your not applying for another card

dr_moomoo

I closed the account ... I guess I could try another MBNA card?

PS Just saw your sig - you're doing fantastically well Silkglade, good on you; I hope one day I'm able to do similarly, but it's a while off by the looks of things!