Credit Card Problem

notsosparkymarky

I have a lloyds tsb card platinum with a debt of £7020 and limit of £7000. I originally got it for a balance transfer deal which ran out some time ago and now pay an high interest rate value per month. I have tried applying for new cards for a balance transfer but have failed.

I have a good credit rating.

i do have other debts as well.

i have a new family and just want to be debt free. Please help...

cooltt

I can assure you, you no longer have a good credit file, making applications in quick sucsession wipes out your score straight away and is a major no no.

First thing you need to do is register online with equifax and experian.get your credit report and score form both companies and go from there. they also give you loads of information on how credit scoring works and you'll realise why you can't now get anything.

mrmajika

cooltt wrote: »

I can assure you, you no longer have a good credit file, making applications in quick sucsession wipes out your score straight away and is a major no no.

First thing you need to do is register online with equifax and experian.get your credit report and score form both companies and go from there. they also give you loads of information on how credit scoring works and you'll realise why you can't now get anything.

I'm not sure this is strictly true. If you have applied for 2 or 3 card it shouldn't 'wipe out' your score.

If you have been knocked back however there may be an underlying issue. The articles here will explain how to get a free credit report and also explain about credit reports.

Whether or not you can 'get anything' still remains to be seen. Don't worry, but don't apply for anything else just yet until you've seen a credit report.