Balance transfer issues.

ukforester

Thank you for reading my post. A couple of questions...
1. I have a credit card with MBNA, used purely for a balance transfer. I'm currently paying the minimum. I'd like to pay a fixed amount of more than this, but have been told the only way is to set up a standing order in addition to the DD. This seems over-complicated. Surely I should just be able to amend the existing DD?
2. I've applied for a second balance transfer of £5000 to Halifax. The MSE eligibility calculator gave me a 90% chance, but I was rejected, using exactly the same details. I know I can get onto Experian or whoever and see what's happened (Ive always had a very good rating) but that takes up to seven days. I'm reluctant to try another card company in case I get another rejection and my rating starts to deteriorate! How big an effect does a rejection have on one's rating, and does one rejection prejudice any further applications?
Thank you again.

Paully232000

ukforester wrote: »

thank you for reading my post. A couple of questions...
1. I have a credit card with mbna, used purely for a balance transfer. I'm currently paying the minimum. I'd like to pay a fixed amount of more than this, but have been told the only way is to set up a standing order in addition to the dd. This seems over-complicated. Surely i should just be able to amend the existing dd?
its not that complicated surely. You spend 5 minutes setting up a standing order for a set amount...done. Any card i have had in the past has DD choices of minimum payment or full amount, nothing in between.

2. I've applied for a second balance transfer of £5000 to halifax. The mse eligibility calculator gave me a 90% chance, but i was rejected, using exactly the same details. I know i can get onto experian or whoever and see what's happened (ive always had a very good rating) but that takes up to seven days. I'm reluctant to try another card company in case i get another rejection and my rating starts to deteriorate! How big an effect does a rejection have on one's rating, and does one rejection prejudice any further applications?
if it was me, i would try one more time with another provider and if rejected get copies of all three credit reports and see what is on there. Only cost you £4 as callcredit is free.
Thank you again.

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