Comments on: 0% Balance Transfers for 12 Months http://www.smartbalancetransfers.com/blog/2009/10/0-balance-transfers-for-12-months/ The Balance Transfer Credit Card Resource Thu, 11 Mar 2010 18:21:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Balance Transfers Helper http://www.smartbalancetransfers.com/blog/2009/10/0-balance-transfers-for-12-months/comment-page-1/#comment-6310 Balance Transfers Helper Sun, 01 Nov 2009 19:53:33 +0000 http://www.smartbalancetransfers.com/blog/?p=579#comment-6310 Periscope, You are the second person I have heard this from. Its the most absurd thing I ever heard. The first person told me a similar story. And it makes no sense. Basically, if you're in a bunch of debt, they'll lend. But if you don't have a huge mortgage, you're a risk. Seriously, you'd think they could come up with a better lie than that. Periscope,

You are the second person I have heard this from. Its the most absurd thing I ever heard. The first person told me a similar story. And it makes no sense. Basically, if you’re in a bunch of debt, they’ll lend. But if you don’t have a huge mortgage, you’re a risk. Seriously, you’d think they could come up with a better lie than that.

]]> By: periscope http://www.smartbalancetransfers.com/blog/2009/10/0-balance-transfers-for-12-months/comment-page-1/#comment-6301 periscope Fri, 30 Oct 2009 04:58:29 +0000 http://www.smartbalancetransfers.com/blog/?p=579#comment-6301 As a young person with good credit I am finding it very difficult to get a decent balance transfer offer. Currently, I am a citibank customer trying to transfer my balance so I don't have to pay the new minimum 26.99% they are raising me to in December. I called up Discovery but I was denied for two reasons 1. Length of bank revolving account history is too short. (I'm only 26 and have a 6 year credit history which is too short!) 2. Insufficient experience with credit limit on mortgage. (Apparently if I took out a $300,000 loan for a house I couldn't afford I'd be a better candidate for a credit card.) This is a impossible situation for me and I think my only option is going to be closing my account which will gravely affect my credit score. Have you heard of anyone else being denied credit because they don't have a mortgage? Am I reading that right? I have never heard of this before. As a young person with good credit I am finding it very difficult to get a decent balance transfer offer.

Currently, I am a citibank customer trying to transfer my balance so I don’t have to pay the new minimum 26.99% they are raising me to in December. I called up Discovery but I was denied for two reasons

1. Length of bank revolving account history is too short. (I’m only 26 and have a 6 year credit history which is too short!)

2. Insufficient experience with credit limit on mortgage. (Apparently if I took out a $300,000 loan for a house I couldn’t afford I’d be a better candidate for a credit card.)

This is a impossible situation for me and I think my only option is going to be closing my account which will gravely affect my credit score. Have you heard of anyone else being denied credit because they don’t have a mortgage? Am I reading that right? I have never heard of this before.

]]> By: Balance Transfers Helper http://www.smartbalancetransfers.com/blog/2009/10/0-balance-transfers-for-12-months/comment-page-1/#comment-6288 Balance Transfers Helper Wed, 28 Oct 2009 22:00:26 +0000 http://www.smartbalancetransfers.com/blog/?p=579#comment-6288 That is fairly common, even on 0% rates that only last 6 months. The days of <a href="http://www.smartbalancetransfers.com/no-transfer-fees.php" rel="nofollow">no fee balance transfers</a> are probably gone forever. That is fairly common, even on 0% rates that only last 6 months. The days of no fee balance transfers are probably gone forever.

]]> By: Lora http://www.smartbalancetransfers.com/blog/2009/10/0-balance-transfers-for-12-months/comment-page-1/#comment-6287 Lora Wed, 28 Oct 2009 21:49:07 +0000 http://www.smartbalancetransfers.com/blog/?p=579#comment-6287 I expect min. 5% balance transfer :) I expect min. 5% balance transfer :)

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