Advice on credit card balance transfer
Credit Card Balance Transfer, is when you move the dollar amount owing on one credit card to another, usually a new credit card.
Sounds dumb? Actually its not. As a former banking representative, I use to assist people with sky rocketing credit card debt. Here's how it works.
Take your highest interest credit cards, (the Store ones) take the respective balances (remember store cards are usually 25-40percent interest) transfer these balances onto a new Visa/Mastercard and Voila! Now one balance, at a rate of usually 8-15 percent.
People have saved thousands this way. Now the trick to remember of course is to go ahead and cancel those store cards, so you won't get in this mess again!
Sounds dumb? Actually its not. As a former banking representative, I use to assist people with sky rocketing credit card debt. Here's how it works.
Take your highest interest credit cards, (the Store ones) take the respective balances (remember store cards are usually 25-40percent interest) transfer these balances onto a new Visa/Mastercard and Voila! Now one balance, at a rate of usually 8-15 percent.
People have saved thousands this way. Now the trick to remember of course is to go ahead and cancel those store cards, so you won't get in this mess again!
