What's the difference % pa & %APR

Bokkens

sharon1953 wrote: »

Well I've been tarting for years now, and finally run out of cards, so had to shift to life of balance, now that they charge a % for accepting the BT it's not as good a deal as it used to be.

I find it a little difficult you have run out of cards!
I know our circumstances are different I am still re-applyig to card providers over and again and they are still giving their money away,A&L are coming up for 48mths at 0%.
There are some fees and it is more of a challenge to squeeze the cash out of them but it is possible to make plenty each years for a good holiduy or reinvestment into a mortgage etc.
I 'd be interested to hear how you have run out of cards as would others.
Hope you keep stoozing.

sharon1953

I'm self employed and that greatly affects the response from some lenders, and each time you apply it is recorded, too many applications creates a negative response. I have my debts spread across various cards, but there is a limit to how many cards you can apply for before they start refusing. I have tried to spread the endings of the promotional periods but sometimes they clash; creditors are now so wary of people applying for loans they cannot repay, that any multiple applications are seen as warning signs. Credit scoring is not a science, some refuse, some don’t but applications are there to be seen by interested parties.

Bokkens

Well thanks for that as I said we all have different circumstances which affect our credit.
Have you tried a repair technique?You have to be able to obtain credit to do it.
Apply for a card or small loan /overdraft once accepted take it and then return the loan after say 1 month and then leave the available credit open for another month then close it .
It doesn't work for everyone but you are effectivly showing a "settled" against your credit score so you are repairing it .
just a thought it may help,hope it does.
Good luck