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balance transfer
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maryclairey
Posts: 1 Newbie
in Credit cards
ive got two credit cards(joint balance of about £7k) which never seem to come down !! ive got a fair rating of 812, but I cannot get any credit ...ive tried to get a credit card balance transfer to get a lower rate so my balance will start coming down, but just keep getting refused, im paying over £100 a month on one card 95% of that is interest!!
any one got any advice or help!!!
any one got any advice or help!!!
0
Comments
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What are the APRs on your cards?
Are you only making minimum payments currently? can you afford to increase your repayments at all?
If you can't get accepted for new cards, and don't have any other existing cards with balance transfers offers then its probably a case of trying to work on reducing the balances down as quick as you can.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
See MSE article: Credit Ratingsmaryclairey wrote: »...ive tried to get a credit card balance transfer .... , but just keep getting refused,
Pay attention to the 'rejection spiral'0
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