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Credit Card hopping how to?

  • 17-10-2011 11:49am
    #1
    thegame
    Registered Users, Registered Users 2 Posts: 490 ✭✭


    i need to to do as my interest in 130 euros a month with a 7 grand debt on my card..its so hard to pay off..is it easy to credit card hop


Comments

  • #2
    chris85
    Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    thegame wrote: »
    i need to to do as my interest in 130 euros a month with a 7 grand debt on my card..its so hard to pay off..is it easy to credit card hop

    Depends on a lot of things especially your credit history, financial situation, ability to repay. A bank will not take on a €7k debt just like that as easy as some people may say it is.

    Apply to a few institutions and see how you get on.


  • #3
    Monty Burnz
    Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    thegame wrote: »
    i need to to do as my interest in 130 euros a month with a 7 grand debt on my card..its so hard to pay off..is it easy to credit card hop
    You need to pay that down asap. That's very expensive credit.


  • #4
    tenchi-fan
    Closed Accounts Posts: 3,339 ✭✭✭tenchi-fan


    thegame wrote: »
    i need to to do as my interest in 130 euros a month with a 7 grand debt on my card..its so hard to pay off..is it easy to credit card hop

    If you're finding it hard to pay off your credit card, you'll probably find it hard to change credit card company.

    It really depends on your job stability and ability to repay your debt. They'll probably ask you for at least 6 months worth of bank statements and if the balance is hovering around zero and your credit card balance is slowly rising I doubt you'd have much hope.

    Would you consider a credit union loan? 7% interest rather than 19%.


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