Poor Credit Score + Student + Large Balance On Credit Card = :o(

GreenSaints

Hi,

I've been with Morgan Stanley (now Goldfish) for a long time now, probably 3-4 years. The reason I got their credit card was because it gave cash back, 0% for 6 months and it was a platinum card so I felt elite! :rolleyes:

Anyway, long story short I left work to go to uni a 2 years ago, and my credit card bill was always paid off and I never occured any interest. However, another long story short, I have a big balance on there this year (£3k) and it's never going down with the 15.9% interest rate they have given me.

I read a bit of the Credit Card article and I just rang up Goldfish to cut my rate and they said no! How rude! Maybe because my interest is going to pay for the over spend at the Christmas party!

I have my old job to go back to in May so I'll be able to pay my bill off (if I try really hard! ) however that still means I have 4-5 months of interest left towards my account. As a student, only working part time, with a mortgage (oh, didn't I mention that?!), with a poor credit score because of becoming a student (it's so bad, I can't even get a phone contract!) it's really difficult trying to get credit. I pay off more than the minimum, so it's not like I'm not paying anything towards it.

So I want to know should I wait and get a good card in May and live with the interest or change now and risk not getting accepted and then have an even poorer credit score?

Thanks for your help/advice in advance

Tas*