0% Balance transfer advice needed please!

Geworgie

Hello!

So we have a substantial amount of debt (32k) that we are working towards paying off at a rate of around £800 p/m.

2 finance agreements
1 overdraft
1 car loan
4 credit cards - 3 of which are 0% until 2019ish

Our debt and spending is now firmly under control and as far as I can see it we're in the best position we can be... Almost!

One of the credit cards is accruing interest on a balance of around £8500. We've had to just suffer this as we've been unable to get another 0% card so we left it and suffered the interest while our credit scores built back up again so we could apply again.

I was looking today at 0% cards and I think our scores are good enough now that we will be accepted.

My question is this; is there a way to know how large your credit limit will be ahead of applying? I'd ideally like one card to transfer the entire balance to although transferring even half to a 0% card would be an improvement...!

Thanks.

[Deleted User]

No.

Take whatever limit you are offered, if you can get a card at all.

Remember that your score isn't relevant in applying for credit (or anything else). The main issue will be your indebtedness and your income.

Geworgie

Thanks!

Managed to get a 0% for 32 months covering the entire balance so I'm happy with that!

chattychappy

Geworgie wrote: »

Thanks!

Managed to get a 0% for 32 months covering the entire balance so I'm happy with that!

Brilliant. For an encore, you've got nothing to lose by sticking in a further application for a money transfer card. If successful, you might be able to knock back some of your other interest bearing finance. Perhaps use the eligibility checker first.

Weybridge78

chattychappy wrote: »

Brilliant. For an encore, you've got nothing to lose by sticking in a further application for a money transfer card. If successful, you might be able to knock back some of your other interest bearing finance. Perhaps use the eligibility checker first.

Strongly agree.

Geworgie

Thank you for that!
Now we have the new cc all our finances are 0% now. Hoorah!! So we just crack on paying it all off.

Spending it is much more fun!! 🙄

chattychappy

Geworgie wrote: »

Thank you for that!
Now we have the new cc all our finances are 0% now. Hoorah!! So we just crack on paying it all off.

Spending it is much more fun!! 🙄

So the one CC covered all the non-0% debt? Or you got a second one..?

katie4

Geworgie wrote: »

Thanks!

Managed to get a 0% for 32 months covering the entire balance so I'm happy with that!

can i ask who the card is with? thanks

Emmacansdale32

Hey could I ask who you got the new card with? In similar situation 😐

katie4

Emmacansdale32 wrote: »

Hey could I ask who you got the new card with? In similar situation 😐

Hi i asked as well advised it with mbna but i wasnt eligible

Emmacansdale32

Aaaahh OK. Thank you for the reply