What to do ....balance transfer/ Purchase 0% ending but can't get another

JPWolf123

Credit card lender	outstanding	Credit limit	Promotional % interest period end date	% Interest after promotional period	Current payment schedule
Mbna LTD 1	£11,667	£12,000	01/03/2026	25.30%	Minimum £284.40
Mbna LTD 2	£6,435	£7,000	01/03/2026	25.30%	Minimum £169
Mbna LTD 1	£3,673	£13,000	03/03/2025	25.30%	Minimum £96
HSBC Bank	£2,295	£2,500	01/11/2025	29%	Minimum £180
National Westminister Bank	£6,983	£8,300	28/12/2024	23%	Minimum £71
Lloyds Bank	£8,068	£10,000	31/07/2025	19.94%	Minimum £206
Barclaycard	£2,963	£4,000	01/08/2025	22.19%	Minimum £30
Marks and Spencer	£4,199	£6,000	31/12/2024	28.90%	Minimum £113
Tesco Bank	£870	£13,000	N/A	N/A	Paid in full monthly
Amex	£11	£10,000	N/A	N/A	Paid in full monthly

JPWolf123

now corrected 

Brie

So much credit available!!!!  that's the issue.  get rid of some of that and you should have good offers.  M&S is usually quite regular with BTs and so is MBNA.    I'd say cut out some of the credit on Tesco and Amex and then the others will start making offers.  

fyi M&S is the one that will allow BTs and purchases at the same time - possibly.  So you might be able to be a bit more creative on that.  Unfortunately their bills are garbage to show what's due so you'll need to contact them every blinking month to find out what needs to be paid.  

TheSpectator

Brie said:

So much credit available!!!!  that's the issue.  get rid of some of that and you should have good offers.  M&S is usually quite regular with BTs and so is MBNA.    I'd say cut out some of the credit on Tesco and Amex and then the others will start making offers.  

Not sure how you can say that as if it's a foregone conclusiom when we have no idea of op's income. Without the Tesco and Amex the op has a very high utilisation and reducing the available credit may spook tbe others.

With 2 cards reverting to full interest in a couple of weeks and admitting they are going to struggle when this kicks in then really needs to head over to debt free forum and post full SOA.

Brie

TheSpectator said:

Brie said:

So much credit available!!!!  that's the issue.  get rid of some of that and you should have good offers.  M&S is usually quite regular with BTs and so is MBNA.    I'd say cut out some of the credit on Tesco and Amex and then the others will start making offers.  

Not sure how you can say that as if it's a foregone conclusiom when we have no idea of op's income. Without the Tesco and Amex the op has a very high utilisation and reducing the available credit may spook tbe others.

With 2 cards reverting to full interest in a couple of weeks and admitting they are going to struggle when this kicks in then really needs to head over to debt free forum and post full SOA.

Agree that the income is a big factor but so many people don't realise it's not the credit they use but the credit they have available that is a problem a lot of the time.  Someone else has pointed out that the total credit that we know about is about £70k which is significant.  But they are using much less.  So if you get rid of that unused available credit then banks are going to be happier about the risk.

Yes - a full SOA would be useful.

JPWolf123

My income before tax is £75k

TheSpectator

JPWolf123 said:

My income before tax is £75k

So actual take home pay?

Bottom line is time is not on your side. Can you afford the payments when the 2 cards that have promotional payments revert to full interest later this month?

I fear that without a long term plan to pay off the balances you ard gping to have to revert to some type of DMP.

molerat

You've still not answered the question whether Tesco are offering anything.  Or for that matter MBNA1(the third on the list ?), they are offering me 12m with 3% fee on BT. Time is not on your side and I can't see anyone giving you new credit in the short term whilst you close down or reduce other lines.

ManyWays

A DMP may be a good idea, with such a huge amount of credit card debt, this will not affect your ability to get a new fix with Halifax. 

JPWolf123

molerat said:

You've still not answered the question whether Tesco are offering anything.  Or for that matter MBNA1(the third on the list ?), they are offering me 12m with 3% fee on BT. Time is not on your side and I can't see anyone giving you new credit in the short term whilst you close down or reduce other lines.

Tried MBNA and Tesco . Tesco declined after application and MBNA no offer to apply .