If a customer owes say $20,000 to cards X, Y, and Z...perfect payment history for years...then finds a great deal and applies for a card with 1.90% BT rate to get rid of $15,000... HOW IS THE DENIAL LOGICAL...THE CUSTOMER STILL OWES $20,000 RIGHT???
George, if you're talking about you.... I just can't figure out why you get dissed by them time & time again. ARE you related to Rodney?
From what I understand, you would still have X,Y and Z available to you and so might run up another $20K? Could this be the reason? Laura
The only way you can get around the debt ratio problem is by hiding your debt for a few months. A loan that doesn't report (or that reports after a few months) would also do. Saar
They dont know that you are planning to transfer X, Y, and Z, its "potential debt" to them, they have to consider you owing 40k now rather than 20k even if they are offering a BT. All they know is you may plan to go shopping, and max it out. I work for a credit card company that offers BT's, and believe it or not, a lot of customers dont use them. As I sit and dream about a good BT offer to come to me one day, a lot of people who get them dont use them, its amazing. Jamee
