Help!

OzzyST500

I may have made the worst mistake of my life,

I have just applied for a balance transfer, I was accepted to then find out that my credit limit is lower than the money i have applied to be transferred over.

What do i do??

Please help

Thanks
Ozzy

Paul_1977

Just call the CC company.

grumbler

OzzyST500 wrote: »

I may have made the worst mistake of my life,

You are a happy and lucky person if this is the worst mistake in your life.

I have just applied for a balance transfer, I was accepted to then find out that my credit limit is lower than the money i have applied to be transferred over.

What do i do??

You transfer as much as possible. Then either pay the remainder off as fast as possible or apply for another card to transfer it to.

Superscrooge

You can apply for another balance transfer card to transfer the remainder of the debt, or just concentrate on paying off the remainder of the debt that you weren't able to transfer.

OzzyST500

I put in the transfer figures, then they accepted my application and said my credit limit was lower than the firgures i put in. Will all the figures what i put in transfer across or will only some of the figures transfer?

The card has a 14 day period where i can cancel it, Should i cancel it and then transfer the figures back to the cards they come from?

OzzyST500

Also would a loan be a good idea to clear the debt and be on the right road to a debt free life?

m4rc

No the limit is what they have told you, so transfer across what you are allowed and leave the rest on the card.

And sorry I must agree, if that's the worst mistake in your life you have a good chance of becoming a saint soon after death!

OzzyST500

m4rc wrote: »

No the limit is what they have told you, so transfer across what you are allowed and leave the rest on the card.

So even though i've put the figures to be transferred before i got accepted, Is it upto me to actually transfer the funds?

[Deleted User]

OzzyST500 wrote: »

I may have made the worst mistake of my life,

I have just applied for a balance transfer,

You're right. That is terrible.

I once ordered red wine with fish. I thought my life was finished.

Thank God there are people worse off than me.