Advice needed please urgently.

porsche289

I ran up the limit on my TSB master card to £3000 and after burying my head decided direct action was needed. After reading up on here i applied for a barclaycard to do a balance transfer 0% for 13 months. I got the card a couple of weeks ago but only activated it this morning. After activating it i was told that i was no longer qualified to get the introductory offer of 0% on balnce transfers however i could have the card at normal interest rates. Also my limit would have only been £1100 which wouldnt have been a problem as i could have applied for a different card to clear the remaining balance. Even after speaking to a supervisor they wouldnt budge and give me 0% so i cancelled the card.
Question is what should i do now? If i apply for another card which should i get and will it affect my credit score and any future limit. I need to do something fast as the interest on my mastercard is racking up fast.
Any advice anyone?

TangledMemories_2

Firstly, have you spoken to TSB about the difficulty you are having? If so, what did they say?

Secondly, you could try applying for another card but each time it leaves a footprint on your credit file so that could result in negatives.

Thirdly, when you were initially sent the credit agreement for the Barclaycard what credit limit was on there and what interest rate? Barclays are swines for doing this because last month after I had paid quite a hefty amount for medication for my OH, they decided to drop my limit from £550 to £250 at which point I nearly had a heart attack running round to stop me going over my new limit!

porsche289

The initial limit was £1100 with 0% on balance transfers and then standard interest rates on purchases. I have spoken to TSB who advised a personal loan however i already have a large loan so dont wanna add to it if i can get a 0% card to take the weight for a while.
I feel like im starting to sink a little and i dont want to end up completely in the doo doo! Should i apply for another 0% card but then how do i know i will definitely get a 0% balance one??

RAS

Welcome

As a start, DFW generally reckons that consolidation loans are a mistake.

Until we know rather more about your situation, it would be inappropriate to comment further.

Here is the link explaining how to do an SOA http://forums.moneysavingexpert.com/....html?t=107280. Post that up and people can tell you whether there is room for manouvre.

And this link is to the debt charities from whom you can get advice http://www.moneysavingexpert.com/loa...elp-plan#help/

One option might be to do the debt remedy on-line of the CCCS web-site as that will give you a clue as to where you stand.

porsche289

thanks will take a look at those links.