Hi All, If any one can help me with a plan of getting rid of the below it would be much appreciated.
I want to pay off the below but I am finding it hard with the interested being charged everymonth.
Credit Card 1 Balance : £6,459.48 Limit £6,600 apr 16.9%
MERCHANDISE INTEREST AT 1.313 PER MONTH £107.42
CASH INTEREST AT 1.736 PER MONTH £14.31
Total Monthly payment £186.32
Credit Card 2 Balance: £5,768.34 Limit £6,000
INTEREST CHARGED per month £183.06
Total Monthly payment: £ 190.93
I have tried to move to another lender with a 0% transfer rate but I got rejected (prob as I have done this twice in previous years? and have never been rejected) .
I have recently moved house and I believe this does not help your credit score.
I own a house that I rent out but I live in a rented apartment. I pay all my bills by direct debit and have just got on the electoral role.
My credit score is 577
I do have another credit card that I have but only has £200 on it and is about to be paid off, the APR is 15.6% -- Credit card shuffle? I have been to my bank about a loan but said not as I often go over my overdraft limit?
Any advice would be great!