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Transfer from Vanquis

joeblack066
joeblack066 Posts: 1,757 Forumite
in Credit cards
Hi all- I have a Vanquis card with just under £3k on it, I've had it for about 4 years. My credit rating used to be appalling but it's much better now, and I was wondering if it would be worth trying for a 0% balance transfer. Would anyone know which might be the best to try? TIA!

Comments

  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    edited 9 May 2014 at 8:27PM
    Has the £3k balance been on your card for a long time? Ever missed any payments or defaulted? CCJ's? Anything else on your credit history we should know about?

    If you don't have any bad marks on your credit report, I'd say to go for the 31 month BarclayCard 0% deal. I had a friend in similar circumstances apply for this (although he had a couple of missed payments) and he got accepted on to the 18 month one after applying for the 31 month one.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • Lioness_Twinkletoes
    Lioness_Twinkletoes Posts: 1,573 Forumite
    Is a £3k available balance or do you actually owe Vanquis £3k?
  • joeblack066
    joeblack066 Posts: 1,757 Forumite
    The balance on the card is just under £3k, no missed payments at all, no CCJs. I was looking at the Barclaycard so I think I'll try that one. Thanks.
  • Lioness_Twinkletoes
    Lioness_Twinkletoes Posts: 1,573 Forumite
    Wow, what sort of interest does that incur?
  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    Lioness_Twinkletoes wrote: »
    Wow, what sort of interest does that incur?

    Depends on circumstances, I got my Vanquis (Aquis) card as soon as I turned 18 and I got 59.9% APR. I think the lowest you usually get is 39.9%.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • TherealMandM
    TherealMandM Posts: 143 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    on the website it shows anything from 19.9% all the way to 79.9%
    mine is at 34.9%
This discussion has been closed.
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