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question re credit card application
ScotsWoman
Posts: 2 Newbie
in Credit cards
Hello everyone,
I'm new to this forum and would appreciate some advice.
I'm self-employed and have been scraping by on a small income. After discovering MSE, I decided to transfer my small credit card debt from RBS to Lloyds (balance transfer) last November. I've also decided that I need to build and grow my business and am investing in it. As part of this, I have now added debt to my Lloyds credit card; it all adds up to nearly £900. However, the 0% on new purchases runs out mid-Feb. I have applied for a Tesco credit card for further purchases; this has a long 0% on new purchases but only a 3-month balance transfer deal. Would it be a good idea for me to apply for yet another credit card with MBNA for example and do a balance transfer from my Lloyds card onto the new one? I'm concerned about having 3 credit card applications within 6 months and what impact this will have on my credit rating? Would appreciate any advice. Many thanks.
I'm new to this forum and would appreciate some advice.
I'm self-employed and have been scraping by on a small income. After discovering MSE, I decided to transfer my small credit card debt from RBS to Lloyds (balance transfer) last November. I've also decided that I need to build and grow my business and am investing in it. As part of this, I have now added debt to my Lloyds credit card; it all adds up to nearly £900. However, the 0% on new purchases runs out mid-Feb. I have applied for a Tesco credit card for further purchases; this has a long 0% on new purchases but only a 3-month balance transfer deal. Would it be a good idea for me to apply for yet another credit card with MBNA for example and do a balance transfer from my Lloyds card onto the new one? I'm concerned about having 3 credit card applications within 6 months and what impact this will have on my credit rating? Would appreciate any advice. Many thanks.
0
Comments
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Impact maybe if you need to apply for further credit within the next 12 months it may be a negative mark. Will you need to apply for more credit within the next 12 months?
Do any of your suppliers do credit checks?Censorship Reigns Supreme in Troll City...0 -
forgotmyname: Thank you for taking the time to respond. These are very useful questions for me to keep in mind.0
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