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chances of getting 0% credit card with late payments
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curlyhairsuzy
Posts: 21 Forumite
Hi,
Has any one had success getting a 0% credit card with previous late payments on credit file. No late payments on credit cards but a couple on bank account.
Debating weather to try and get a 0% card once default drops off in jan or as a last resort asking parents for a loan.
Thanks
Has any one had success getting a 0% credit card with previous late payments on credit file. No late payments on credit cards but a couple on bank account.
Debating weather to try and get a 0% card once default drops off in jan or as a last resort asking parents for a loan.
Thanks
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Comments
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curlyhairsuzy wrote: »Hi,
Has any one had success getting a 0% credit card with previous late payments on credit file. No late payments on credit cards but a couple on bank account.
Debating weather to try and get a 0% card once default drops off in jan or as a last resort asking parents for a loan.
Thanks
Hi,
I think it would depend on the particular lender.
Can you tell us the reason you need to borrow money ?I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Hi,
I think it would depend on the particular lender.
Can you tell us the reason you need to borrow money ?
balance transfer. currently paying £400 a month in minimum payments on some reasonably high interest credit cards. I am getting a wage increased so will have £600-700pm to throw at the debt. if it was at 0% we could get it gone in around 15 months.0 -
Have you tried the eligibility calculator - it's not a guarantee, but then no-one can give you a guarantee without applying.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.0 -
It's going back many years now, but I managed to get a loan, which I used to consolidate my debts (I know it was stupid
, but we live and learn), despite having had late payments on Credit Cards.
I would think your income to debt ratio would be a bigger concern.0 -
Bedsit_Bob wrote: »It's going back many years now, but I managed to get a loan, which I used to consolidate my debts (I know it was stupid , but we live and learn), despite having had late payments on Credit Cards.
I would think your income to debt ratio would be a bigger concern.
£32k a year income around £9000 of debt.0 -
curlyhairsuzy wrote: »£32k a year income around £9000 of debt.
Provided you don't rent a mansion, I wouldn't think you would have much problem.
It's mostly down to how much you have left, after bills are paid.0 -
My guess is you would be OK. Try the eligibility checker first but it can be a bit cautious so it's still worth trying an application anyway
http://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards0
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