Balances Transfers - A Good Idea When Used Wisely
By Jay Fleischman, New York Bankruptcy Attorney on Aug 8, 2007 in Financial Resources on the Web, Personal Finance
When your credit card debt is under control but the interest rate is killing you, you may begin thinking about a balance transfer. There are good points to doing balance transfers - lower interest rate and consolidation of a number of cards to name a few - but there are also pitfalls.
I discovered this wiki on balance transfers a short time ago and think it’s a helpful resource when considering jumping from one card to another. It contains a brief overview of 0% balance transfers as well as a list of pitfalls about balance transfers.
Courtesy of War On Credit Cards.
If you liked that post, then try these...
What To Do When You are being Foreclosed - Deficiencies by Eugene S. Melchionne, Connecticut Bankruptcy Attorney
When Do I Need To Leave My House When Filing For Bankruptcy And Foreclosure. Part 2 of 2. by Michael Doan
Important Dates in Chapter 13 Cases – Part 5 by Peter Orville, Attorney at Law
Bankruptcy Basics: What Does The Chapter 13 Trustee Do? by Karen Oakes, Southern Oregon Bankruptcy Attorney
Just One More Time For the Record: Think Four Times! by Karen Oakes, Southern Oregon Bankruptcy Attorney
You must be logged in to post a comment.