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I have two credit cards, totalling 15k, I am overpaying the smaller one to hopefully get it rid soon, to then overpay the bigger one (think it's called the snowball effect). I have tried to get a loan to pay them off quicker and cheaper. But although on a soft search I get accepted/100% eligible, when I fully apply I get rejected. Which then damages my credit record for about 6 months. Does anyone have any advice or suggestions?
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The very fact your applying suggests financial difficulty, and will most likely be why you got rejected.
Pop over to the DFW board and we can make suggestions on how to tackle this the right way.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
Just keep on paying them, look at your spending and see if you can cut back on anything.
That then may allow you to transfer your other card across.