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Managing your debt

Published on July 5th, 2008 by in Finance

You can look to find some great deals for balance transfer offers from higher interest balances to lower interest rate cards, but beware the teaser rates and be sure to read the fine print. We have been able to shift balances from one card to the other for the last three years and pay the minimum and invest the rest in other areas. The 0% has been great but will soon dry up as the amount of debt that is being incurred by these companies will soon reach a cap. If you are in a position that you need to consolidate some of your debt make sure that you compare the various offers and this will help keep you out of trouble.

 

One Response

  1. The practice of transfering balances from card to card has come to a close. People now need to start planning on how to get out of debt and away from credit cards for good. There are many options out there and a savvy consumer should explore them all.

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