I have a general idea of what I need to do here, but not sure how to go about it, please bare with me.
I have been ensuring that i pay the minimum payment on my Next account for sometime now, but since my Husband was made redundant i'm struggling now.
This is the only thing on my credit rating, and Experian states due to the age of the debt (6 years) and lack of other credit it can look bad.
So I was hoping a credit card could help with this too, make my report look good as Next debt will be settled and will show credit card being paid, as well as saving me a lot of interest on the Next account & meaning I can pay back the debt quicker.
I'm looking at the Barclaycard Platinum offer, designed for people with limited credit history.
But believe from reading another (old) thread that to do the balance transfer I need to pay off the Next account with another credit card, and then transfer this balance to the 0% interest Barclaycard.
1. Is this correct, I will need to apply for 2 credit cards?
2. Can anyone recommend a card to pay the Next debt with, does it matter if being cleared immediately with the 0% card.
3. What are my chances of being accepted if unemployed at the moment.
Thank you for reading, all advice greatly appreciated as my brain is frazzled at the moment.
I have been ensuring that i pay the minimum payment on my Next account for sometime now, but since my Husband was made redundant i'm struggling now.
This is the only thing on my credit rating, and Experian states due to the age of the debt (6 years) and lack of other credit it can look bad.
So I was hoping a credit card could help with this too, make my report look good as Next debt will be settled and will show credit card being paid, as well as saving me a lot of interest on the Next account & meaning I can pay back the debt quicker.
I'm looking at the Barclaycard Platinum offer, designed for people with limited credit history.
But believe from reading another (old) thread that to do the balance transfer I need to pay off the Next account with another credit card, and then transfer this balance to the 0% interest Barclaycard.
1. Is this correct, I will need to apply for 2 credit cards?
2. Can anyone recommend a card to pay the Next debt with, does it matter if being cleared immediately with the 0% card.
3. What are my chances of being accepted if unemployed at the moment.
Thank you for reading, all advice greatly appreciated as my brain is frazzled at the moment.