I found this interesting excerpt from MSNBC that might help those in credit card debt as we begin 2008."Of course, the best way to avoid creating problems for yourself in 2008 is to use your credit cards cautiously and sparingly, always being sure to pay the entire balance off in full and on time each month. But if you’re already in a serious credit-card pickle as 2007 winds to a close – as millions of people are – try this: Transfer your credit-card balances to a card with a lower interest rate ASAP. You’ll save $730 if you transfer a $2,000 balance from an 18-percent card to an 8.25-percent card and then pay off your balance at a rate of $50 a month. Better yet, transfer balances to cards with rates of 0, 1 or 2 percent and concentrate on paying them off entirely while those low rates last."
- Laura T. Coffey
- Laura T. Coffey
1 comment:
This is a great site for finding low transfer rate cards:
http://www.creditcards.com/balance-transfer.php
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