Balances Transfers - A Good Idea When Used Wisely
By Jay Fleischman, New York Bankruptcy Lawyer on Aug 8, 2007 in General Bankruptcy Information
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.
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