Chrome limit increase.

callum9999

Dandytf wrote: »

Time will determine if this generous increase proves the correct decision.
At least I had recently started two extra shifts each working month,
Which does help keep home budget accurate.
I'm not wanting to increase CC balances when possible during 2019
Emergancy's sometimes occur.
+ limited savings continue and maybe next year or later I'll use savings to reduce balances considerably unless aqua force me to use savings earlier than I anticipate

It makes little sense to hold savings while you have expensive credit card debt (I'm assuming the Aqua balance isn't interest free?).

You'd be better off if you used the savings to pay off the credit cards, and if you have an emergency which you would have needed the savings for, put that on the card.

Dandytf

callum9999 wrote: »

It makes little sense to hold savings while you have expensive credit card debt (I'm assuming the Aqua balance isn't interest free?).

You'd be better off if you used the savings to pay off the credit cards, and if you have an emergency which you would have needed the savings for, put that on the card.

I intend to use help2save savings hopeful from year two as 50% additional payment years two and four hence it makes sense not to miss this single payment direct to my bank account which could also help aqua during next year.

A4445

You really need a decent balance transfer card. Have you tried creation card?

I know someone that’s just finished a debt management plan and was accepted for a MBNA card at a standard rate.

Do you have many nasty things in your credit report?

Dandytf

A4445 wrote: »

You really need a decent balance transfer card. Have you tried creation card?

I know someone that’s just finished a debt management plan and was accepted for a MBNA card at a standard rate.

Do you have many nasty things in your credit report?

Thanks I don't often talk of nasties as I'm possibly mid dmp at least term wise and almost debt to be re paid balance.
since SC set up dmp early 2012 I think -there were eventually multiple defaults some of which have started to drop off though think 2019/2020 is a decent amount of defaults dropping off.
One or two run later as they were the latest to be defaulted possibly running as late as 2021/2022-not sure as don't want to re visit history during Sunday evening.
I have Managed to purchase my latest Car on finance which was good and not as expensive considering 7k mileage, I mention this as I'm not sure if applying for more credit is going to been seen as positive.
Only options I have via eligibility checkers are a few Cap1 cards including Luma/Ocean/Think Money -the best transfer wise are gong to be upto 1500 limit max -if Cap 1 issue that amount.
e.g. 34.9 apr 0% balance transfer 6 months-1 card
34.9 0% Purchases+0% balance transfers both 4 months-1 card.
whilst a decent balance transfer card sound amazing -I'm a few years away from what I consider main stream cards-mbna are included in dmp.
My question:- is 6 mtnhs 0% worth taking a risk on applying for in hope I get upto 1500 limit on opening -these are mostly pre approved whilst not guaranteed should have decent chance of success.
What stops me is what happens after 6 months, I'm then left with 34.9 again with only a small sum saved in interest.

A4445

Dandytf wrote: »

Thanks I don't often talk of nasties as I'm possibly mid dmp at least term wise and almost debt to be re paid balance.
since SC set up dmp early 2012 I think -there were eventually multiple defaults some of which have started to drop off though think 2019/2020 is a decent amount of defaults dropping off.
One or two run later as they were the latest to be defaulted possibly running as late as 2021/2022-not sure as don't want to re visit history during Sunday evening.
I have Managed to purchase my latest Car on finance which was good and not as expensive considering 7k mileage, I mention this as I'm not sure if applying for more credit is going to been seen as positive.
Only options I have via eligibility checkers are a few Cap1 cards including Luma/Ocean/Think Money -the best transfer wise are gong to be upto 1500 limit max -if Cap 1 issue that amount.
e.g. 34.9 apr 0% balance transfer 6 months-1 card
34.9 0% Purchases+0% balance transfers both 4 months-1 card.
whilst a decent balance transfer card sound amazing -I'm a few years away from what I consider main stream cards-mbna are included in dmp.
My question:- is 6 mtnhs 0% worth taking a risk on applying for in hope I get upto 1500 limit on opening -these are mostly pre approved whilst not guaranteed should have decent chance of success.
What stops me is what happens after 6 months, I'm then left with 34.9 again with only a small sum saved in interest.

That’s fair enough. I’m not afraid to say I’ve had issues in the past but learnt a very hard lesson. It’s tought me how to budget properly. I will never make the same mistakes again.

I expect once your DMP is paid you will have more options

I’m super surprised the lenders that will give credit to people with major issues. I nearly fell of my chair when Natwest approved me for a standard credit card with me awful credit history at that point.

When I say awful it was the worst possible. Bankruptcy restrictions undertaking. It’s worse than a bankruptcy. Nationwide didn’t care either.

I was extremely ill with uncontrolled bi polar disorder but there was still no excuse. Fortunately it’s all in the past now.

Dandytf

Chrome limit increase applied, thought I'de accept before next payment is debited.
No immediate spending plans.
Extra shift or two per month keep head above water.
VM short term savings has been used for factors sometimes, depends what next wages are if I can avoid using the few pounds I have left in vm account.
30 days will be in time for May,s wage and hopefully includes factor which is reasonable on not extortionate this quarter @<150 pounds.