We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Switching to another credit card while unemployed
New_Mum
Posts: 7 Forumite
in Credit cards
Hi everyone!
Is it possible to switch a balance to a 0% interest (on balance transfers) credit card when you are in-between jobs and have an average credit rating (not blacklisted etc)? I am actively planning on being self-employed and will have a few part-time jobs before that, but currently not working and sick off just being able to do the minimum payments while the interest is growing.
Thank you in advance for your thoughts!
Is it possible to switch a balance to a 0% interest (on balance transfers) credit card when you are in-between jobs and have an average credit rating (not blacklisted etc)? I am actively planning on being self-employed and will have a few part-time jobs before that, but currently not working and sick off just being able to do the minimum payments while the interest is growing.
Thank you in advance for your thoughts!
0
Comments
-
You can apply, but it's not very likely you will be accepted.
Not only do you have no proper income (nobody will know for how long), you also have the card, that you have cleared, you could run-up a debt again on the card and in a few months time, you might have twice the debt you have now.0 -
Running up another debt is out of the question.
How soon after getting a job would it be "safe" to apply for a new card where I could transfer the balance to?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards