0% Balance Transfer credit limit lower than sum to transfer

Nowperson

I want to transfer £7000 from one card to a 0% balance transfer.

 I went through the initial check with Santander and what looked like an automated reply suggested a limit of £600.

If I go through and make a full application what are the chances of getting the full £7000 limit to transfer to the Santander? Or if not, does anyone have an idea how to get the full £7000 limit on the 0% transfer card?

[Deleted User]

You won't know until you apply and are accepted in the vast majority of cases. But take what you're offered and transfer what you can.

middlingditch

I recently opened a Santander 0% balance transfer card and the credit limit they gave me was the same as the one suggested in the initial check/application.

Sorry to say I think with such a big difference between £600 and £7000 it's very unlikely that you'll get what you need with them. 

[Deleted User]

Banks judge your suitability for credit based on your income, previous debt behaviour, current debt etc. If you have £7000 on a BT card and have been paying the minimum for the past 12-18 months and your income / available credit / other debts / past debt history is such that they only will give you £600 then you can pay £550 or so onto the card and work on the other debt. Or try a different lender for another BT card, perhaps one that has a low interest deal rather than 0% and see if you can get that.

Realistically they have to be careful to ensure you are not going to run up unaffordable debt. I would suggest using whatever savings you made over the last year or two that you had ready to pay off this £7000 in case you didn't get another card and then start creating a new savings plan. You did make a plan to pay off the debt in case you couldn't get a card to take the full remaining balance, right?