Hoops Posted June 14, 2012 Share Posted June 14, 2012 Hello everyone! I am having a bit of a problem with my UK based credit card - I have fallen into the usual trap of intending to pay it all off before the special 0% rate ended - and failed. I am on a residence visa but have only been here since January. I have a good credit rating in the UK - don't know if that makes any difference here? I am not eligible for another UK based credit card b ecause I don't live there but also it seems I can't transfer a UK balance to an Australian credit card. I am supporting 2 people on my modest salary so I can't afford to pay it off quickly and I owe about 3000 pounds. In the mean time the interest rate on my debt is now 27% and within a few months we will have to go home because it will be so extortionate we wont' be able to afford to live. Help! Any suggestions? Rachel Quote Link to comment Share on other sites More sharing options...
Guest guest71686 Posted June 14, 2012 Share Posted June 14, 2012 I would say its impossible to transfer the balance but i'm by no means an expert. When I got here last year I was advised to wait 6 months until getting a credit card here once they see pay going in regularly its fairly straightforward. UK credit rating is irrelevant in OZ in my experience. I think it may be a case of moving money home despite the bad but improving exchange rate Quote Link to comment Share on other sites More sharing options...
Hoops Posted June 15, 2012 Author Share Posted June 15, 2012 "I would say its impossible to transfer the balance but i'm by no means an expert. When I got here last year I was advised to wait 6 months until getting a credit card here once they see pay going in regularly its fairly straightforward. UK credit rating is irrelevant in OZ in my experience. I think it may be a case of moving money home despite the bad but improving exchange rate" Hi can1983 , Thanks for the info - If i had any money to move home I would move it! On a more positive note, my sister who is in the UK spoke to the UK post office on my behalf and they said I can apply for their credit card if I have a UK address - which i do as I have a house which I am renting out to a friend. So I will give that a go. If it is successful i will post on here in case anyone else is in a similar position. Cheers Rachel (Hoops) Quote Link to comment Share on other sites More sharing options...
Guest guest71686 Posted June 15, 2012 Share Posted June 15, 2012 that seems like a great idea, good luck Quote Link to comment Share on other sites More sharing options...
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