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Closing credit cards
wannabedebtfree_2
Posts: 648 Forumite
in Credit cards
Right, I am slowly but surely trying to sort my finances, I now have 2 creidt cards with £0 balance, and was wondering whether its best to close them asap, or leave them open hoping for a fab balance transfer deal!
I am hoping in a couple of months to apply for a loan, as I don't think I would be accepted for any more credit cards (I have 6, 3 of which have quite high balances, 2 with £0, and one that has very little on it - about £100)
Can anyone help? I really don't know what to do!!
I am hoping in a couple of months to apply for a loan, as I don't think I would be accepted for any more credit cards (I have 6, 3 of which have quite high balances, 2 with £0, and one that has very little on it - about £100)
Can anyone help? I really don't know what to do!!
I believe that I have the strength to make my dreams come true
:T September Challenge £5 per day - £0/£150 :T
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Comments
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http://forums.moneysavingexpert.com/showthread.html?t=175234
This is essential reading for anyone that feels that closing credit cards may help them.0 -
Thank you! Its amazing what you can find on this site! (if you know where to look!)I believe that I have the strength to make my dreams come true:T September Challenge £5 per day - £0/£150 :T0
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OK, I had a perusal, but I am just as confused.............LOL!!!!!!!I believe that I have the strength to make my dreams come true:T September Challenge £5 per day - £0/£150 :T0
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Basically - closed lots of cards and reduced credit limits. Never missed any payments etc
Turned down for everything in sight for 18 months, then when my credit limits went up again a month ago, suddenly I was seen as a worthy customer again and accepted for the first two cards I applied for.0
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