Money Transfer Cards

Bennbfc

I have foolishly taken out 2 payday loans. (wonga & QQ) I would like to take out a money transfer card, to pay these off and pay the debt off through the card. Ive looked at the cards recommended on the main site.

I've applied for 2 of them and have been turned down. Im 25, homeowner, full time job, 20k annum pay.

Does anyone have any ideas what I can do? I have a Planned overdraft with my bank (LLoyds) which I cannot increase.

Thanks for your help.

Voyager2002

Time to sell something on Ebay; or have a month without alcohol; or do something drastic like walking/cycling to work. Payday loans are the kiss of death on a credit record, and borrowing to pay off debt rarely works.

Atidi

Bennbfc wrote: »

I have foolishly taken out 2 payday loans. (wonga & QQ) I would like to take out a money transfer card, to pay these off and pay the debt off through the card. Ive looked at the cards recommended on the main site.

I've applied for 2 of them and have been turned down. Im 25, homeowner, full time job, 20k annum pay.

Does anyone have any ideas what I can do? I have a Planned overdraft with my bank (LLoyds) which I cannot increase.

Thanks for your help.

So the bank won't increase your overdraft.

Unlikely anyone ligitimately, other than a payday loan company, will lend you money money whilst those previous payday loans are on your credit file. (as you are finding)

Credit files report your last 6 years history.

Try again in 2020

CLAPTON

Bennbfc wrote: »

I have foolishly taken out 2 payday loans. (wonga & QQ) I would like to take out a money transfer card, to pay these off and pay the debt off through the card. Ive looked at the cards recommended on the main site.

I've applied for 2 of them and have been turned down. Im 25, homeowner, full time job, 20k annum pay.

Does anyone have any ideas what I can do? I have a Planned overdraft with my bank (LLoyds) which I cannot increase.

Thanks for your help.

what debts do you have?

what do your credit files say

any late payments etc
on the electoral roll?