Need help!

loftty_2

Hi can anyone help?
I've got a credit card with EGG with a maximum limit of £3700 at the mo I'm £3596.54 into that!
Just called virgin to see if they could give me 15 mnths 0% balance transfer but they can only offer me £2000 limit!
U see I only earn £8000 but I had my partner as a second card holder on EGG.
1.)Can I get a low rate card or 0% card with a limit to cover my debt?
2.)Will I have to put him down as a second card holder again.
They said they couldn't give it to me coz its half my wages and I have to live etc but my partner pays the bills/rent and I only have to pay petrol and food!
I hope this makes sense, with hope.......

BenL

You may be able to get a different card with a higher limit but your wages are very low for a £4000 limit.

You are being credit checked and the debt will be your sole responsibility, adding your partner as an additional card holder will not increase your limit - anything your partner spends on the card is ultimately your responsibility.

I would transfer the max to the 0% card and concentrate on paying off the high rate card.

The other "option" or solution is something I read on the forum a few months ago.

A young lad was applying for cards and the application said "household" income.

I have always taken this to be my income - probably the same as you.

This poster had taken it to be the combined of everyone in the house so the app was done with 2 parents and a siblings combined salary - hey presto massive credit limit.

This was apparently what the advisor on the phone said was correct.

loftty_2

Have just read another thread and it said the same sort of thing about applying for an asda card as they use the household income!
Well anything is worth a go!:o

loftty_2

UUhhh got approved but only for £2750!!!
1.)Can I get 2 CC with £2000 limit with 2 different companies??

lisyloo

Hello lofty - What do you need more debt for?

loftty_2

I don't need more debt. I'm tryin to clear some but with 21% apr its gettin to be abit ridiculous if u know wat I mean!

lisyloo

Oh, I get it (sorry), you are trying to transfer to a lower rate.
Very sensible.

Could you consider a loan with a lower rate? or could your partner get a 0% card to transfer it onto?

loftty_2

Well I think I'm going to transfer the 2000 into 0% for 15 mths try paying off rest at 21.9%apr then transfer it all in about a yrs time to another 0%. Prob can't get a loan. He hasn't got a great credit rating but its getting better only another 2yrs then his slates wiped clean. But tryin to get it all under control to save for a deposit!!!!!
Well thanx for the help prob log back in later to c if theres any updates!
Thanx