credit card advice
Hi everyone. Just wanted to see if anyone could give me a bit of financial advice or opinion, not sure if anyone will be able to but thought i'd ask anyway!
I currently have about £5000 of debt on 4 different credit cards. I'm managing payments on these and have been for about 2 years now since i've settled down a bit! i currently pay each month about double what the interestis and this is the maximum really that i can afford at the moment. The problem is the interest as they range from 16% up to about 25% apr on the worst one. Anyway i've tried a few different ways to improve my situation that i read about on another site but had no success. The first thing i tried was transferring (some of the) debt onto a 0% card. My credit rating is currently fair so i tried applying for a card that was recommended for someone of my status - i was rejected!
The second thing i tried this morning was ringing up one of my existing c.card's to ask if i could transfer a balance onto another of their cards. I read that you might be able to transfer a balance from another card and you get a rate of about 6% (as an existing customer). Anyway, the call lasted about 30 secs he said 'i'll see what offers we have on today', then basically said 'no' and that was that! I tried a loan as well about 6 months ago but the one they offered me was ridiculous like a £1500 loan and i'd repay something like £4500 back, i laughed at the woman on the phone.
Really i want to know if anyone else has any ideas or advice, maybe youve been in the same situation. I'm trying to improve things but its frustrating as can't seem to get anywhere. Thanks in advance.
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