0% has run out but cant get a new card

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Comments

  • nic_c
    nic_c Posts: 2,928 Forumite
    Name Dropper First Post First Anniversary
    The US has cut its rate recently, so surely not brexit related. OP needs to take stock, cut back on everything for the next six months and pay as much off the balance as possible. After 6 months the applications may have a lesser effect and be able to apply for another card, just careful to choose which.

    Unfortunately for the OP the four applications in quick succession show desperate for credit, so won't stand a chance with any - unfortunately learnt the hard way not to take it all too lightly.

    rhyseni do you jut have the one card or do you have others without a balance? It could be that one you already have may give you a BT deal, which although might not be as good will be better than your exiting card's rate.
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
    Combo Breaker First Post Newshound!
    From the information provided it is not readily apparent why you are experiencing difficulty in obtaining further credit.
    The fact that you were asked to go to a Halifax branch with photo ID and proof of address would strongly indicate that they were unable to verify your details and especially your address electronically. Just how recent was your house move? Have you checked to make sure that you are on the ER at the new address and have you changed all existing accounts to the new address? Your problem could be as simple as that - not yet on the ER at new address.
    Other possibilities. Have you recently taken out a new mortgage in conjunction with your house move? If yes, this could be causing the problem as lenders are often reluctant to lend until they can see that you are able to cope with the new mortgage payments without difficulty.
    Have you had a large number of hard credit searches (utility companies etc) in conjunction with your recent move?
    Have you maintained all of your credit accounts correctly? Do you have any late payments? Have you exceeded your credit limit? Or worse?
    Is the 6K mentioned your total non-mortgage debt? Do you have any loans, other cc balances, car PCP etc?
    How many credit cards do you actually have? Is this card that the 0% has ran out on your only card? If yes, this could be part of the problem. If no, do you not have any existing customer 0% offers on the other cards? If not, why not? (On the basis that it would be usual for unused well maintained credit card accounts to be offering you something).
    Hope the above helps.

    PS. Don't want to sound critical but considering the situation why did you not go to the Halifax branch as requested?
  • adindas
    adindas Posts: 6,813 Forumite
    First Anniversary Name Dropper First Post
    jeepjunkie wrote: »
    If you cant BT to a new card for whatever reason then just pay it off as I'm guessing you have the balance in some sort of savings account? Though it's likely now your paying interest you have lost all your stoozing profits. Have to be organised in this game :)

    Or is this not about stoozing...?

    From the title 0% has run out but cant get a new card.
    A real stoozer will never have the problem to clear the whole balance immediately when needed.
  • nic_c
    nic_c Posts: 2,928 Forumite
    Name Dropper First Post First Anniversary
    adindas wrote: »
    From the title 0% has run out but cant get a new card.
    A real stoozer will never have the problem to clear the whole balance immediately when needed.
    I guess some people think stoozing is having a balance on a promo and keep recycling the debt with new promos, rather than using the interest free limit to earn money in savings with the ability to pay it back when needed.

    OP hasn't come back, but I guess they know their options from the posts made. This should be in the general CC forum though.
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