Unemployed - Balance Transfer

FRUITFUL

Hi, l am a first time user, so please be patient.:)

I am unemployed (due to redundancy) l would like to transfer balance of £3000 on my existing Credit card, to a 0% 25 months balance transfer card, In order to clear the balance.

I am keeping up with repayments on my current card (with support) l have a good credit history.

Does anyone know if l will be rejected being unemployed, and no income etc? I dont want to go down the route of asking for my interest to be frozen, as l hear this can affect future credit applications.

Any advice would be appreciated.

stephane_2

You are most likely to be declined if you have no income....no employer...

timbo58

Only one way to find out to be fair.

Regardless of credit history there is almost no chance you'll get a 0% card if you answer truthfully you are not in full time permanent employment I'm afraid.

piemaeu

You won't get a carrot if you state you are unemployed however if you apply and say your employed and on the application before this one you had also stated you were employed and its all consistent on the national hunter database. Also that the new credit card provider is not also your bank for your current account or affiliated with it there should be no problem. however this Technically is fraud and if you have to declare bankruptcyin the near future lying on the application will cause severe problems and the bankruptcycould get messy.

BugsyBrowne

piemaeu wrote: »

You won't get a carrot if you state you are unemployed however if you apply and say your employed and on the application before this one you had also stated you were employed and its all consistent on the national hunter database. Also that the new credit card provider is not also your bank for your current account or affiliated with it there should be no problem. however this Technically is fraud and if you have to declare bankruptcyin the near future lying on the application will cause severe problems and the bankruptcycould get messy.

Don't get messy whatsoever my mate said he was a surgeon constantly on credit applications and he went BR no problem other Ex mate said he was earning 30k a year yet was part time 10 hours a week also went bankrupt.

I'm not promoting telling fibs either just saying.