I have maxed my credit card and want to transfer the balance to another with interest free on balance transfers. Haven't been successful in getting one and then read that if you are not registered at your address, you are not likely to get one. I recently registered, so have i now got a good chance of getting one. I haven't got a good credit rating, I always pay my debts, but not always on time?
2007-08-12 00:37:31 · 7 answers · asked by willow 6 in Business & Finance ➔ Credit
You need to be registered at your address on the electoral role, which can take a while to update.
Also, not paying your debts on time will damage your credit rating, even though you do pay, it will lower your score.
Making more than a 3 or so applications for credit in 6 months can also damage your credit score, so limit yourself to how many you apply for.
I would concentrate on paying all your debts on time for the next 6 months, and then start trying again. By that time you should be on the electoral role, so you`ll have a much better chance.
2007-08-12 05:21:37 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Gone are the days with 0% APR's on balance transfers. The feature was misused so much that credit card companies thought it best to revoke these offers. The reason could be the loss of revenue to credit card companies but this habit of transferring balances frequently and avoiding the debt repayment was increasing the volume of credit card debt. Balance transfer is a good practice if done with caution and restraint.
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2007-08-13 06:56:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I think you have to wait a period of time before you can get a card because you have only just registered.
Sometimes you can get a new card as long as you have good credit.
Try and pay more off a month, to keep under the limit
2007-08-12 16:06:35 · answer #3 · answered by Rebz 5 · 0⤊ 0⤋
pay your bills on time.May be you need to be registered at your address on the electoral role, which can take a while to update.
I found interesting information about your answer & credit card options here. http://all-debt-consolidation-loan.blogspot.com/2007/07/chase-credit-cards.html Good luck!
2007-08-12 13:45:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Have a look on the GM.TV web site! There is a man on there who is an expert on Money, Store Cards & Credit Cards.... I forget his name though now, but have a look on there!
That should be helpful for you!
All the best
(Edit) Its under the title 'Your Money'
2007-08-12 07:42:45 · answer #5 · answered by Maryann 3 · 1⤊ 0⤋
www.moneysavingexpert.com
The guys a genius.
2007-08-12 07:47:25 · answer #6 · answered by Fourcandles 4 · 0⤊ 0⤋
http://www.gm.tv/index.cfm?articleid=21262 do what diamond said this man knows his stuff
2007-08-12 07:50:32 · answer #7 · answered by Anonymous · 0⤊ 0⤋