Thursday, 11 March 2010
I have poor credit and need a 0% balance transfer card
CompareTopCards.co.uk
A question we often get from our users is how can they get a 0% interest credit card when they have poor credit history. Unfortunately the short answer is you can't. To be eligible for the 0% Balance Transfer cards you need to have good or excellent credit history.
Depending on the amount of balance you have, you should research the options below:
1) If you have over £5K in unpaid balances on more than 1 credit card then you could look at Debt Management Plan/ Debt Consolidation Program.
You can read/ research more about these options here
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingDebt/PlanYourWayOutOfDebt/DG_10023185
2) If you have less than £5K in unpaid balances then the best option might be to get a personal loan (only at a lower interest rate than your credit card) and pay off the credit card. You probably will find the best rates with a credit union as most private loan providers have high rates for poor credit customers.
Sorry the answer is probably not what you want to hear, but we believe these are your options. If you can provide us with more details on your situation we can try to help you further. You can also email us any further questions privately at: questions@comparetopcards.co.uk
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