Affordability - So they Say

<p>I recently app**** for a limit increase with Virgin Money Card. The reason was simple, I have a Personal loan that I would like to pay off and Virgin’s interest rate is far superior to what I am currently paying.</p> <p> </p> <p>Because the limit increase application was higher than the pre-approved amount, the consultant I dealt with, ****ha McNiell, was extremely helpful in setting up the application to be forwarded to the risk assessors. The way she worded it perfectly conveyed what I was intending to do. I pay around R2600 towards a personal loan that is charged at 28%. I want to pay this loan off with my Virgin Card, which has an interest rate of 15%.</p> <p> </p> <p>Virgin declined the application, saying that it was an affordability issue.</p> <p>LET ME GET THIS STRAIGHT!</p> <p>You are telling me that I can afford to pay this 28% loan without an issue, but if I want to take the loan over to you people because I favour your 15% interest rate paid over the same period. YOUR RISK ASSESSORS SAY I CAN’T AFFORD IT??? HOW???? </p> <p> </p> <p>Please get back to me on this.</p>