Credit card reduction

waspsandwich

Hi,
I am currently sitting at 90% on my credit card as for the last six months we were struggling with just one wage (daft i know) but it couldnt be helped! Anyway we are both working now and trying to get our finances back on track, i am paying a fair whack of interest on my card over £100 a month so i decided to look at a ballance transfer or a loan to pay it off sooner and cheaper.
I used the tool on here to see what i could get and it yurns out i can only get a capital one card and another high rate one so i am thinking that is not a good idea.
I then looked at my credit report as i have always had a good record in the past. Experia are telling me that i have a poor ( just shy of fair) rating. I have checked the usual, address, voters roll, negative comments etc but all that is fine the only red mark is the 90% on the credit card.
What is the best way for me to get this interest rate down and fix my credit rating. I am getting really down trying to figure my best way forward from this.... I am also pretty thick when it comes to maths and figures. Any advice would be greatfully recieved

Hutch100uk

You don't say what the balance of your card is though. I am using lots of my available credit but I have a 'good' score on Experian.

If you read other posts on here, everyone will tell you that the score means NOTHING! Its your credit history and ability to pay your debts on time and in full that lenders look at.

As long as you don;'t have any defaults, CCJ's, late payments etc then don't worry. Just focus on paying your card off. Don't apply for too many alternative cards as this will go on your file too.

Superscrooge

waspsandwich wrote: »

the only red mark is the 90% on the credit card.

If your credit history is fine, no missed payments etc and the only negative is that you are using 90% of your available credit. It might be worth contacting your credit card company and seeing if they will increase your credit limit.

If they will increase the limit and you continue making payments until the debt is less than 50% of your available credit, then credit providers tend to look on this a lot more favourably and more deals should become available to you.

The other option is to ask if they will reduce the interest on your current debt?