HELP! - Refused 0% Balance Transfer Credit Card

jonesMUFCforever

Vicky1210 wrote: »

Thank you for your help and suggestions - I am somewhat of a novice at this, however I have been over to MSE Credit club as recommended and had a look at my Experian credit report. My credit score is “good” I have never missed any payments or have any CCJ’s. However it did seem that my overall what they call unsecured debt is already high, therefore reducing my chance of lending. While I understand this, it’s still extremely frustrating as I don’t want to borrow anymore, just transfer existing debt to 0% interest.
There were a few queries in my report which I do have though.
Firstly there were “Financial associations” on my report where I have none, so no joint mortgage, bank accounts or applications.
Secondly there was also a credit card listed on there which has never been used and the account is closed. Can this be removed as it is potentially showing I have extra credit available when I don’t.
Any help or advice is appreciated. Thank you

Did you formally close the credit card down or just not activate it?
Lenders can see that you have 'high' unsecured debt and by lending to you on a new card they have no idea whether you will be good and not use the old card or whether you will splurge out.

chattychappy

One further point, when making multiple applications, do ensure you keep your story the same. There is a service (NHunter) that lenders use to compare application data with previous applications to catch people that might be fibbing. (Not accusing you, just mentioning it in case you were careless or something.)