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Capital One won’t help me
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If you can apply for a balance transfer card then move it over, if you cant then you need take control of the debt and reduce it.0
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Thanks for your replies. I was actually following Martin’s advice to at least ask, as some companies evidently do accommodate if they want to.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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JimmyTheWig wrote: »No reason not to ask, but would be interested to know where Martin says this.
Step 2, within Number 6 of the 6 Golden Rules apparently...
https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/#tip6Feb 2008, 20year lifetime tracker with "Sproggit and Sylvester"... 0.14% + base for 2 years, then 0.99% + base for life of mortgage...base was 5.5% in 2008...but not for long. Credit to my mortgage broker0 -
OP - AS you have a Cap1 card I am assuming you are new to credit or have some adverse credit history. You have had the card for years so you may be in a position to get a more mainstream card and balance transfer over.
If your credit history is a bit shaky still you could look at the Aqua Advance card, whilst it may be higher than mainstream cards to start with it the APR will reduce over 3 years if you pay on time and stay within your limit.0 -
Thanks, I missed that.Step 2, within Number 6 of the 6 Golden Rules apparently...
https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/#tip60 -
Dragon1981 wrote: »A little while back, after clearing most of my balance, Barclaycard did agree to lower my rate by 4% when I asked. It’s still Fairly high at about 20% but carries 0 balance at present. Just proving that asking can help, albeit not too often.
Thats why they lowered it, a 0 balance is not good business for them. Run it up, start paying the minimum payments and then ask them to lower it, see what they say then.
Once they have you stuck on a minimum payment plan then there is no incentive to help you, it's how they make their billions.0
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