Credit card juggling

Mattabb1

Hi can anyone help or give me any advice?
My current situation is that my credit rating on Experian is 999 for the second consecutive month but sometimes fluctuates, but always remains as excellent. I earn £210,000 a year before tax, my wife earns £30,000 a year.
Of £42,500 I have available on varius credit cards I have a balance of £2500 on a virgin Atlantic credit card. The card is now subject to interest on repayments. I am currently not taking home the type of income you'd think I was, as I am retaining money in my business to keep it afloat. I am really shocked that when I check what cards are available to me it says 0% chance on a balance transfer, which seems out of order and not very fair.  I was hoping to have the opportunity to transfer my balance at least, but also my wife's balance of about £5000 to a 0% balance transfer credit card.
I have just over £1,000000 of mortgage debt for buy to let properties which obviously as seen on my credit rating has never missed a payment. I have just paid £15,000 off a personal loan and reduced the balance to £35,000. That is about all of my personal information, I've been open and honest about my circumstances and can not see why I can't get a balance transfer credit card. Any help or advice would be great. Thanks in advance 

[Deleted User]

It's your debt and unaffordability.  Experian's 999 score isn't seen or cared about by anyone and Experian themselves don't lend money.

You're very high risk in the current climate, so you'll need to shift the debt the old fashioned way unfortunately.

Mattabb1

I can't see how i am high risk as my buy to lets pay for themselves £3253 a month in mortgage repayments.
And only £1300 a month in personal loan repayments.  Also my personal mortgage is only £560 a month.
So I don't see myself as a high risk, but perhaps I'm missing something. I can pay it off if I really have to, but I'd rather keep the money in my business, however I'm just disappointed that I can't juggle money on credit cards.

[Deleted User]

It's not how you see yourself, but how lenders see you.

High indebtedness, a reduced income, a highly unstable economy and a need to BT a very small debt makes you high risk.

New borrowing is much harder to come by in the current environment as lending criteria have tightened significantly.

maxximus75

Just because a eligibility checker such as MSE's shows you are not eligble for a particular card doesn't mean you are not.

Most of the checkers state that I have 0% chance or low chance of obtaining cards yet I have been accepted with great limits on cards when I have applied, directly.

Mattabb1

Deleted_User said:

It's not how you see yourself, but how lenders see you.

High indebtedness, a reduced income, a highly unstable economy and a need to BT a very small debt makes you high risk.

New borrowing is much harder to come by in the current environment as lending criteria have tightened significantly.

Yes I see where you are coming from, however, surely someone who has in excess of £40,000 of available credit and only using £2500 can not be deemed as high risk? I don't necessarily need to flip the card to a 0% balance transfer, but it would be nice to be given the opportunity given the fact I'm by no means reckless with credit limits. I liked the idea of playing the "balance transfer game" borrowing and buying for almost free credit, minus transfer fees.
But by the looks of it somewhere some how I don't fit into that box where I can do that.

[Deleted User]

Mattabb1 said:
Yes I see where you are coming from, however, surely someone who has in excess of £40,000 of available credit and only using £2500 can not be deemed as high risk? 

They surely can, when combined with the wider picture.

Remember you're not just using using £2500 of your available credit.  There's another 35k of loan debt kicking about in the background as well, plus your mortgages.