Managing Credit Card Debt

By: C.R. Hayes

If you carry a balance on numerous credit cards, pay close attention.

How would you like to reduce your number of monthly payments, AND eliminate possibly years worth of interest payments? You can, and managing credit card debt is quite easy this way.

For your information, you may be able to consolidate any balances you now have to a single payment (credit limit allowing), and pay absolutely no interest for up to 18 months. Do you think you can qualify? If you have a good credit score, chances are you do qualify.

Can you see how using a 0 interest on balance transfer credit card can reduce your credit card debt, and eventually totally eliminate that debt in a much shorter time frame? And, what makes it even better is that you can apply online, with no face-to-face interaction, and no waiting for a loan agent to schedule you an appointment.

This is how it works:

1. You apply online for your new card.

2. Once approved, you provide the new company with the details of other cards of which you wish to transfer the balances over to them (company, account number, account balance, etc).

After the transfer has taken place, you:

1. No longer have to make those payments to your old credit card company(s) if you paid them in full via the transfer.

2. Pay as much as you can on your new balance with this new company each month to take advantage of their interest-free loan.

This can save you an awful lot of hard earned money! Think about it, no interest to pay for the promotional period (usually anywhere from 6 to 18 months). The total amount of your payment each of these months goes directly to the principle, cutting down your payoff time anywhere from months to years.

Your new bank card may offer you a credit limit that could enable you to consolidate several different outstanding credit card debts into one. If you only eliminated one card which charged you interest your still ahead of the game.

Apply online today (we'll show you where to get the best deal) and get your 0 interest on balance transfer credit card to better manage your finances. You'll be glad you did.

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