balance transfer card - refused - next steps??

viks_2

Hello,
Hope someone can help.


I have just applied for the virgin 0% bt card and been refused. I did the precheck and it said 90% so thought it ok as I have been scared to apply for fear of refusal - and its happened!
I have £2200 on Barclays at 24% and £1200 on MBNA at 9%. Paying minimum amounts on both.
Wanted to shift the Barclays balance so the £65, I pay a month is paying it off.


Did a Experian credit score and got 991 Excellent, no missed payments etc, I am self employed earning £15,000 and hubby £37,000. House mortaged.


Any suggestions what I can do?
Thanks Viks

CherlokHomes

Did a Experian credit score and got 991 Excellent

Completely irrelevant Experian are not lending you the money, the scores you've bought are actually worthless and not seen by the lender.

MBNA issues the Virgin card and see you already have a MBNA card so not 100% sure if this caused the problem.

You-kip

CherlokHomes wrote: »

Completely irrelevant Experian are not lending you the money, the scores you've bought are actually worthless and not seen by the lender.

MBNA issues the Virgin card and see you already have a MBNA card so not 100% sure if this caused the problem.

Pretty sure your allowed more then one mbna card as they would normally split the limits between them.

bouncydog1

MBNA will allow two cards and they will split limits, but you have to have cleared one card before you can apply for another offer card.

fuzzgun19

If you are rejected for an MBNA card, would it be pointless applying to Virgin then if they are the same company?

Thrugelmir

viks wrote: »

I have £2200 on Barclays at 24% and £1200 on MBNA at 9%. Paying minimum amounts on both.

Something lenders are now picking up on.