Rejections due to part time work

stevie_deako

My current 0% credit card period is coming to an end, but when performing soft credit checks, I am either coming back with no options or only a small chance of being approved.
The difficulty is that my employment is only part time with an income of £13k per year.  However, I have separate income from my rental properties which total £25k per year.
My Experian credit score is 999 and I have never missed a payment in my life.
On paper, I have a high amount of equity across all my properties, and only pay out £360 per month for my mortgage, and as such, I can clearly afford to take on additional borrowing, but it seems that the minute I enter part time in any application, then it becomes an instant rejection.
How do I improve my chances of being approved in future?  Do I put that I am self employed with my rental income as the primary income and then use my part time employment as additional income?
Any thoughts or suggestions would be appreciated.

enthusiasticsaver

It is annoying isn't it?  I am early retired living off small pensions and investments and have encountered the same problems albeit they accept me but give me a low limit.  I would suggest that you include your rental income as either other income or say you are employed part time and self employed.  I am not sure full time self employed will score any higher though in these days. Are you paying over minimums on the credit card as that will affect your credit record.  The score means nothing really. How much is your outstanding debt as on a low income credit cards will be reluctant to lend more at the moment in addition to your current debt?  

[Deleted User]

You could also try your main bankers or if you've got cards open at the moment see if they have BT offers.

Either of these will take your existing relationship into account.

Ebe_Scrooge

As above, ignore your meaningless score, it's simply a useless marketing gimmick.

In terms of income, you can legitimately declare any genuine income - salary, pension, benefits, whatever - as long as it's regular income.  I'd be tempted to state that you're self-employed with an income of £25K, then add your part-time salary if there's a box for "additional income".  They may ask to see accounts to verify your self-employed income, which presumably won't be a problem for you?  But in all likelihood they will just take your application at face value.

The equity in your property - just like any savings you may have - will have no bearing on the application.  It's regular income that they're interested in.

Finally, if you do manage to shift the debt to another 0% card, you really really must put plans in place to make sure you'll be able to clear it when the promotional period expires.  As you've already found out, there's never any guarantee that you'll be able to get another 0% card to shift any remaining balance to.  Transferring from card to card doesn't do much to tackle the debt, it just kicks it down the road for a while.

flo22

I have been part time for 20 years (32 hours per week) and I've never encountered an issue with it, surely the income is the important bit not full time/part time