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0% transfer declined, do I have other options?

3 replies

Eyelashwishes · 04/02/2024 16:06

Hi I'm wondering if anyone here might have some advice.

I've got 2k on a 0% interest credit card. The 0% is up in March and it moves to about 24% or something like that. I tried applying for a 0% transfer which said I had 90% chance of getting and it got declined. I really want to try and clear it this year, but with the added interest I'm not sure I'll be able to. Do I have any other options that just having to pay the interest? I don't want to apply for another 0% bank transfer and damage my credit score any further!

OP posts:
cactihurt · 04/02/2024 16:57

Contact them and find out why it was declined. You may be able to negotiate.

We had this even though don't have debt and it's because we had a large amount of credit in another card (unspent) we reduce the credit on that card and got accepted for the declined card.

You might get accepted for either a lower amount of credit or a higher APR

You could also take out an overdraft on your current account and a small loan and split it three ways.

GingerRuby · 05/02/2024 14:57

Martin Lewis covered this in his TV show last week I think, it would be worth watching it back, really useful advice.

Eyelashwishes · 05/02/2024 16:13

Brilliant thanks for the replies, will look into both!

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