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To balance transfer or loan, that is the question?
Bluepeter14
Posts: 12 Forumite
in Loans
Looking for some advice/suggestions please?
I have 2 credit cards, capital one (balance of £2700) and barclaycard (balance of £7200).
Neither are no longer on 0% interest so I'm paying minimum payments per month of £76 on one and £179 on the other.
I need to transfer to either another 0% card or loan.
My concern is that the chances of me getting one 0% card for the total outstanding sum are pretty slim, the chances of me getting 2+ cards reduce further dependant on my credit score?
My score is fair bordering good and a check on MSE eligibility checker comes back with a 70% chance on some cards however my hit rate is only 10%, confused?? YEP? , I just don't want to be declined on my first application!!
Any advice/suggestions would be very much appreciated please?
I have 2 credit cards, capital one (balance of £2700) and barclaycard (balance of £7200).
Neither are no longer on 0% interest so I'm paying minimum payments per month of £76 on one and £179 on the other.
I need to transfer to either another 0% card or loan.
My concern is that the chances of me getting one 0% card for the total outstanding sum are pretty slim, the chances of me getting 2+ cards reduce further dependant on my credit score?
My score is fair bordering good and a check on MSE eligibility checker comes back with a 70% chance on some cards however my hit rate is only 10%, confused?? YEP? , I just don't want to be declined on my first application!!
Any advice/suggestions would be very much appreciated please?
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