what should my next move be?

Mr_Goodkat

With current debt levels and no income I think you will struggle to be accepted for new credit at 0%.


Another option (but again may struggle with no income and current debt levels) is to open a Nationwide Flex Direct account as it offers 12 months interest free overdraft but this is subject to their acceptance and the maximum amount they will offer will be influenced by your debt and income levels.


Long terms what is your solution to pay down the debt as with £7k debt and no income you will struggle to shuffle these debts as 0% rates run out with new credit cards.


Good Luck

whereisjames

ok, well a 0% 36 months barclaycard just turned up on my doorstep

i never said i have no income, i said in this moment im spending no money

no money go out (other than small postage)

ive just checked the eligibilty checker and results are 9/10 for virgin transfer card, i dont think post office would be difficult either.

MEM62

whereisjames wrote: »

is it possible to transfer from a credit card to current account?

This does not clear the debt - it merely moves it.

You really need to concentrate on clearing your debt. Sooner or later the house of cards you have built with interest free offers will come crashing down - it won't last forever. If you are struggling now while the debt is interest free you will absolutely sink when interest is applied.

You need to find ways to make a significant reduction in your overall debt while most of it is still interest-free. You say at the moment you have no income - are you able to work?

whereisjames

ok, so repaying the cards is no problem

i have 7-10k worth of stock to clear, so this will easily repay the cards

for now i want to rid myself of any fees incured by the debts.

so moving debts to reduce fees is my goal