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What to do ....balance transfer/ Purchase 0% ending but can't get another
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Is that because you would be new to Tesco ?0
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JPWolf123 said:For context - i have never missed a mortgage or other credit payment. I am full time employed . Options or thoughts ?
I can't see anyone offering new credit based on those figures I'm afraid.
As molerat said, are there no offers on the Tesco card which has a decent amount of available credit? Amex very rarely, if ever, do offers.0 -
JPWolf123 said:For context - i have never missed a mortgage or other credit payment. I am full time employed . Options or thoughts ?
Go through your outgoings with a fine tooth comb and cut back where ever possible
Apply to your mortgage lender to have the mortgage term extended. Lowering your monthly payment and using any excess to speed up repaying the debt
Stop personal pension contributions and as above redirect the money into tackling the debt owed.
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Just a quick thought - and think carefully about it - if you lowered the limit on your Tesco and Amex you are less of a risk to any other bank and more likely to get another card and more likely to get good offers.
But don't do so if you know you're going to need those limits for something in the next few months. Personally - if I was using the Tesco card for my day to day shopping I wouldn't need a £13k limit as I spend much less than that in a month. Maybe lower by 2 or 3k? perhaps? just to see what happens and then lower again??
as I say just a quick though as I'm off to the land of nod.
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JPWolf123 said:Hi -this is the full informationJPWolf123 said:I am full time employed . Options or thoughts ?JPWolf123 said:For context - i have never missed a mortgage or other credit payment.0
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Just noticed that a couple of the cards are showing balances over the limit? Is this right or have you transposed the figures?0
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do you have any other debts - loans, overdrafts, car finance?
who is your mortgage lender?0 -
Brie said:Just a quick thought - and think carefully about it - if you lowered the limit on your Tesco and Amex you are less of a risk to any other bank and more likely to get another card and more likely to get good offers.
But don't do so if you know you're going to need those limits for something in the next few months. Personally - if I was using the Tesco card for my day to day shopping I wouldn't need a £13k limit as I spend much less than that in a month. Maybe lower by 2 or 3k? perhaps? just to see what happens and then lower again??
as I say just a quick though as I'm off to the land of nod.0 -
TheSpectator said:Just noticed that a couple of the cards are showing balances over the limit? Is this right or have you transposed the figures?0
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