M&S LOB card - has anyone applied?

wannabedebtfree_2

I am in the process of trying to sort out my messed up finances and someone suggested a M&S LOB card, just wondered what people have found with it.............is it easy to be accepted?..........what kind of credit limit do they give?...............minimum monthly repayments?.......and anything else I need to know really!

Mozette

I got accepted back in April, I've not got a brilliant credit rating and was turned down for cards just after that. Only got £2000 limit, but it's better than nothing, the minimum payment is 3% of the balance, I've an idea that this may have dropped to 2.5%, but can't find anything about it.

sicker

I got one too with a credit limit of £1500 which they would not increase th'o I believe a £1000 increase is available to some.

John

newleaf

I got one last month with a £6.5K limit. I have a good credit rating though.

BONJOEY

i got accepted and was given 2000 and upped to 3000on the phone, i was shocked as i do already have alot of avalible credit!

cant say some get accepted some dont , its one of those its up to the computer.

plane_boy2000

Good credit rating - given 7.5 K limit at opening last year and its just been upped to 9.5K with an extension of the 3.9% LOB transfer fee free.

wannabedebtfree_2

Thanks everyone!

I am still umming and ahhing as to whether to do this, or apply for a consolidation loan in August.

It seems as though with the average I might get about 4-5k which isn't enough to sort this mess out, and I don't want to jeopardise a loan by doing too many credit applications.......oh why is life so complicated??