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Please help! Advice req'd for balance transfer- payments too much!

Last post Sat, Oct 18 2014, 3:40 AM by maxsteam. 1 replies.
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  •  Sat, Oct 18 2014, 3:40 AM

    Re: Please help! Advice req'd for balance transfer- payments too much!

    The reason that you can't get another card is probably because your credit record shows what you already know - that you are struggling. You should not try to borrow any more at commercial rates.

    In the "grand scheme of things" £1600 + £800 is not a huge amount of money and it's the sort of debt that you should be able to clear in a few months if you are on minimum wage. I can only guess that you are a student and my suggestion is that you keep up the minimum payments for now, don't take on any more debt and clear things off once you are earning.

    • Post Points: 5
  •  Fri, Oct 17 2014, 12:57 PM

    Please help! Advice req'd for balance transfer- payments too much!

    I have 2 credit cards at the moment, one which is basically maxed out at £1600 and another for around £800. my interest on the £1600 card is £50 per month and I cant only afford the minimum payments so I am not actually paying anything off.

    I want to be able to transfer both credit card balances to another card but I cant get a card for that much!

    Please advise what I should do?

    • Post Points: 20