Credit Card Help

NorthernRed

Just need some advice please i have a few credit cards, and debts outstanding in the region of 7K. I have managed to get a good loan for 8K which will cut down my monthly outgoings by around £220. Things is i have just paid off the full balance of the largest credit card 4.4K, now i don't want to us it in the near future, but may need to now and then, for purchases i can't afford until my bonus clears each month. Question is how long can i leave my balance at zero, or will i have to make some purchases to keep the card open.

Many Thanks

NR

nichart20

If you have got a loan for consolidation you maybe better closing the account down until the loan has cleared it could be easy to run the debt back up, once its clear you could apply for one then or maybe you wont need one

NorthernRed

Thanks for the advice, me and the OH have been wrestling with this for a week or so now. We want to close the account, but we just worry we have very little savings, so we don't have any back up, in case car breakdown, roof falls in etc. We only wanted to keep the account as our fall back, but as you point out we are worried we may have the loan for three years and then build the debt up again which have done in the past. Mayb we could ask the credit card firm to shirnk the credit limit??

nichart20

thats a good idea if you keep it to a small limit that would cover any emergency but try to avoid using it for day to day use

gio67

HI FOLKS
I NEED SOME HELP. I JUST APPLY FOR MINT CREDIT CARD BECAUSE THEY OFFER A GOOD BALANCE TRANSFER AND 0 INTEREST. WHEN I APPLY THEY REPLY THAT WILL TAKE 7 DAYS TO HAVE A RESPONSE, BUT AFTER 3 DAYS A RECEIVED A LETTER FROM MINT REQUEST 3 OF MY BANK STATEMENT ...ITS SOUND A BIT STRANGE BECAUSE I ALREADY GAVE TTHE THE DETAILS OF MY ACCOUNT ...THEY CAN ACTUALLY ASK FOT IT BY LAW?? ITS A BIT PRIVATE TO SEND YOU OWN STATEMENT WITHOUT BEEN SURE THAT THEY WILL GIVE THE CREDIT CARD. aNOTHER STRANGE SITE OF IT, ITS THAT ITS NOT SPECIFY IN THE WEB-SITE UN THE APPLICATION PROCESS THAT THEY WILL REQUEST STATEMENTS FROM YOU.... PLEASE I REALLY NEED YOUR ASSISTANCE...BECAUSE I NEED A CREDIT CARD FOR A BALANCE TRANSFER I DON'T WANT TO FALL IN SOMETHING THAT IS NOT LEGAL JUST BECAUSE I NEED IT!!
PLEASE HELP!

clio

Yep it,s legal and above board, send them off and you'll get them back.
it,s quiet normal nowadays for this to happen.

gio67

[

quote=clio;11836605]Yep it,s legal and above board, send them off and you'll get them back.
it,s quiet normal nowadays for this to happen.[/quote]
tHX CLIO,
REALLY? NEVER HAPPEN TO ME BEFORE... SO I HAVE TO SEND THEM THE ORIGINAL OR COPIES? AND THE DO I NEED TO AASK THEM BACK? DID THEY ASK YOU THOSE STATEMENT WHEN THEY ARE MORE LIKELY TO GIVE THE CREDIT CARD OR JUST TO CHECK?????
MANY THX
gio