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New C/C Balance transfer: Amount required not given???
wyliss
Posts: 9 Forumite
in Credit cards
I'm doing this on behalf of a friend.
They have a £7k outstanding debt on a MBNA CC. They are looking to transfer this to a 0% deal. Credit rating is good.
When you apply for the card are you now informed of the limit they are allowing before accepting it?
What my friend doesn't want is to accept the card to then find out that the new limit on the new card isn't enough to cover the old debt.
Any help appreciated.
They have a £7k outstanding debt on a MBNA CC. They are looking to transfer this to a 0% deal. Credit rating is good.
When you apply for the card are you now informed of the limit they are allowing before accepting it?
What my friend doesn't want is to accept the card to then find out that the new limit on the new card isn't enough to cover the old debt.
Any help appreciated.
0
Comments
-
Normally not...
When you apply for the card are you now informed of the limit they are allowing before accepting it?
What's wrong with transferring a part of the balance?What my friend doesn't want is to accept the card to then find out that the new limit on the new card isn't enough to cover the old debt.0 -
Thanks for the reply. Fair comment re part balance. Cheers0
This discussion has been closed.
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