No Balance Transfer Option

haelen

Hi,

I have a maxed-out CapitalOne card with £2,800 owing. The interest is extortionate and I can only just pay slighty above the required monthly payments.

I've already tried applying for a Visa card with a lower interests from my own bank , but was refused.

I'm assuming I'm not credit-worthy enough to obtain another card - let alone a 0% one anywhere else.

Can anyone suggest any other possibilities?

TIA,
Tim

SONIC_2

What sort of APR is on your Capital One card? You could consider a personal loan from a compnay who specialise in 'non perfect' credit histories, but this may well be a higher APR than your card, and thus not worth it.

Which banks have turned you down?

:rolleyes:

Balls_Of_Steel

haelen wrote: »

I've already tried applying for a Visa card with a lower interests from my own bank , but was refused.

Have you tried to apply for a personal loan from your bank? The interest won't be 0%, but should be lower than what you are paying now.

haelen

Balls_Of_Steel wrote: »

Have you tried to apply for a personal loan from your bank? The interest won't be 0%, but should be lower than what you are paying now.

Thanks for the suggestion. It's worth a try. I'll check their interest rates (and repayment options).

Cheers,
Tim

haelen

haelen wrote: »

T It's worth a try.

Well, that was short and 'sweet'. It was a case of "Computer says, "No" '

Tim

CLAPTON

have you got copies of your credit records ? ..what do they say?

haelen

CLAPTON wrote: »

have you got copies of your credit records ? ..what do they say?

No, I haven't. Can I get those free (or cheap) ?

Thanks,
Tim

TOBRUK

I don't know if this is helpful to you but I have been looking to change credit card to another 0% (as I am a TART!) and from one of Martin's suggestions I tried for a NatWest although it has a handling fee of 2.5%. It is online application and you get an immediate yes or no - I applied a couple of days ago and today I received the PIN number with credit card to follow shortly. Worth a try?

haelen

TOBRUK wrote: »

It is online application and you get an immediate yes or no - I applied a couple of days ago and today I received the PIN number with credit card to follow shortly. Worth a try?

I appreciate the suggestion. But if I've been refused a VISA card and a loan by my own bank, I don't think it looks too promising

Cheers,
Tim