Hi -- Rather than risking re-applying too soon I would suggest having a word with the MS loans team on Monday, who will be in a better position to tell you when or advise who based on your circumstances, you can phone the number in the link below, or fill in the form.

http://www.moneysupermarket.com/refusedcredit/default.asp?alternativeSource=MSREFUSED

Hi

I have an outstanding debt of £8000 on two credit cards. What is the best way to get rid of this debt? I have just been refused a 6.5% APR loan with Sainsbury's. When is best to reapply?

Thanks