Best Balance Transfers Discussion Area

Moggles_2

therandomsurfer wrote: »

Just applied for a Virgin card online and got rejected immediately. Does that mean they've done a credit search already (it was less than 10 seconds)?

Yes, most credit decisions are computerised and lenders give instant decisions, provided that your details can be verified electronically via the CRAs.

Should I now wait before trying to apply elsewhere? ... I have a few interest-free debts running out in the next 4-6 weeks.

If you need a new BT card in 4 weeks or so, there's nothing to be gained from waiting, IMO

Moggles_2

therandomsurfer wrote: »

Doh! Just realised that where it asked me for my monthly rent payment in the form I went and put in the full amount for the whole household - but I only pay half of this - could this be the reason? If so, can I try again safely?

There are any number of reasons why a given lender may refuse to extend credit.

If I were you, I'd play safe and plump for the Hally. The minimum monthly payment is just 1% of the balance shifted. Also, it's not an exact science but, IME (and from feedback here), Halifax tends to hand out fairly generous credit limits.

For tips to improve your chances of credit card acceptance, have a look at the *Credit Rating: how it works and how to improve it guide* especially Martin's *Manage and Improve your credit score* article

http://www.moneysavingexpert.com/banking/credit-rating-credit-score#improve

Very best
M

therandomsurfer

Thanks again Moggles, you really are a legend on this board and I'd buy you a pint if I could!

I think I can afford to wait six weeks or so, build up my score with some purchases in the meantime, then I'll try for the Hally. My worry with that as I said is I have had a few charges on my Hally current account in the past year but hopefully I'll be OK. Thanks again and keep up the sterling work!

Brian64

therandomsurfer wrote: »

Thanks again Moggles, you really are a legend on this board and I'd buy you a pint if I could!

I think I can afford to wait six weeks or so, build up my score with some purchases in the meantime, then I'll try for the Hally. My worry with that as I said is I have had a few charges on my Hally current account in the past year but hopefully I'll be OK. Thanks again and keep up the sterling work!

If you do decide to apply for the halifax card you can get £20 cashback on successful application through QUIDCO.
Good luck.

Moggles_2

therandomsurfer wrote: »

Thanks again Moggles, you really are a legend on this board and I'd buy you a pint if I could!

That's very cool to hear.
I've learned a lot too. This a great site.
:beer:

bradleyt

So what service did you use to get your credit report number? I read the article and didn't find it anywhere though I'm not sure if it's actually important or not but the information can greatly vary from source to source.

Moggles_2

bradleyt wrote: »

So what service did you use to get your credit report number? I read the article and didn't find it anywhere, though I'm not sure if it's actually important or not, but the information can greatly vary from source to source.

Welcome to MSE

This is not a *best balance transfer* issue and you may get replies more quickly, if you post again on the main credit card board

digitalcomponents

bradleyt wrote: »

So what service did you use to get your credit report number? I read the article and didn't find it anywhere though I'm not sure if it's actually important or not but the information can greatly vary from source to source.

How can you say that the information vary from source to source? As your transaction has been unique. So the report come the unique. And if it is vary from source to source it is not acceptable.

stephnkey2411

Hiya
I have an M&S credit card with approx £1000 on it, its 10 month deal is coming to an end in August and i want to switch it, when and can anyone recommend a good 0% card as need to pay it off with in a year ideally.:money:

Tarce

Tarce wrote: »

Hi all, finally got round to registering here!

here's my current situation:

i stupidly allowed my 2 current credit cards to go over their 0 % interest period, so i need to sort this out asap!

i have 2 cards: tesco with about 2.5k on it. i've only ever used this to clear a BT.
Plus my BoS card which i am unfortunately spending on and is currently at approx. 5600 quid.

Ok, so i need to transfer 7850.

i think i previously had a virgin card before these 2 (so about umm .. 14 months ago) - cleared and closed it.

Options - do i apply for another virgin card 0% for 16 months?
or go for the Abbey card in case virgin will turn me down?

OR

should i go for one of those life of the debt, fixed rate cards? i hope to be able to repay the whole thing in about 3 years, but clearly i am a bit lax in my tarting skills so this might be better for me?

tho the tarting alert here will sort that! I'm just concerned that the BT will be too large to transfer altogether?

or finally, what about a dreaded bank loan and then vow never to be tempted by the evil plastic again?

its just so tricky to avoid having to use it sometimes isnt it? How do people manage that? i have 16 yr old twins who are always needing something or other!

Thanks for reading and i'm sorry if this has all been covered already .. its a vey long thread!

i got my card and credit limit thru, unfortunately its only for 5000. i'm going to have to apply for another card now, yes? would the Abbey be the one to go for then?