Credit cards help PLEASE!

[bottleofredplease]

Can anyone help here? I was turned down for a balance transfer card last week, first time this has ever happened and I'm not sure why. If I apply for another card will it be turned down because I was turned down already last week? Or does it not work like that?

I just bought a large purchase with the intention of paying it off over 3 yers on a 0% balance transfer.

Thanks for any advice.

Have to missed any payments? I’d get a look at your credit report and see if there are any anomalies.

I think you need to find out why you were turned down by getting a copy of your credit check. I think you can do this for a couple of pounds.

1. Get on Noddle and check there's nothing dodgy on your credit report.

1. Try the moneysavingexpert.com pre-eligibility checker - some providers are fussier than others.

I just checked Noddle it says I have a 5/5 credit rating and score of 638.
It does also say that there have been 9 searches in the last 30 days, could this be the problem. I have not applied for anything else so not sure why it shows 9. Anyone know?

Your credit score's higher than mine and I was approved for a mortgage in August! I've heard having lots of searches can be a thing but otherwise I'm at a loss, sorry.

Thank you anyway, good to know it's not the score, perhaps the searches.

9 credit searches or 9 identity or information searches? The latter isn't visible to other providers but 9 credit searches make you look like you're either going on a spree or desperate for credit.

Second the MoneySavingExpert.com eligibility checker to see who will give you a card. If you have no luck, see if there are any offers available from cards you already have.

Best to check Experian which is free. 638 is pretty low.

I've had this before OP and it turned out to be because my credit limit on the card I had was quite high even though my debt wasn't. I had about £2,000 on a card from travelling that I wanted to transfer but my total credit limit on the card was £5,000. I applied for a 0% balance transfer deal and was turned down because my total credit would have exceeded what was recommended for my salary. They wouldn't account for the fact that I intended to close down card 1 when I transferred to card 2.

To be fair Joe66, I think Noddle score is a max of 710, so 638 isn't too bad.

You can sign up for a free credit report via moneysavingexpert credit club.

Use the MSE checker- it tells you which cards (if any) you have a decent chance of getting, so you only apply if it's actually worth applying.

The thing is, I did the eligibility check and it said hat the one I got turned down for was 90% chance. I'm worried about applying again and ending up in a worse position, I could get rid of a card I have with nothing on and a £5000 limit, would that help?