Tag Archives: balance transfer
- Is a Balance Transfer Worth It?
Right now, there is a lot of interest in balance transfers. A balance transfer can help you save money on your debt. If you are trying to pay down your debt a balance transfer might be the best option. A lower interest rate will allow you to make larger payments on your principal, which means [...]
- Best Balance Transfer Offer With Checks. Is That Smart? – D
“Dear Damon, we have 94k on our 1st and 2nd mtgs, house value is 150k conservatively. 20k spread over 5 credit cards majority of it on 2 cards. co-signed student loans for son & daughter 75k. no car loans. no bankruptcies, late payments or other major negatives. a couple yrs ago when they were changing [...]
- Should I Transfer Credit Card Debt to a Home Equity Loan? – Jake
“Hi Steve, I have $20K on one credit card with an 8.99% APR. I am making the minimum payments and the last few months have paid more than the minimum. Is it a smart move to transfer this balance to an equity line of credit through the company that has the mortgage on my house [...]
- David Writes In “I Have No More to Give”
David wrote me through the GetOutOfDebt.org site to ask his question below. You can too! “Dear Steve, I have about $20,000 in credit card debt. 4 cards that I’ve transferred balances to, each with a rate of 2.99 to 3.99% interest for life of the loan. Each monthly minimum is about $110.00. I have no [...]
- Terri Wants to Know “Is There a Way to Get Out of Debt Without Ruining Our Credit?”
Terri wrote and asked her question through the GetOutOfDebt.org site. If you have a credit or debt question you’d like to ask, just visit this page and ask. My help is totally free. “Dear Steve, We have appox $50,000 in revolving debt, 2 vehicle payments, 1st and second mtg, we pay everything on time and [...]
- Where Can I Go to Payoff My Credit Card With a Cheap Loan? – Sarah
“Dear Steve, I have completely paid off my minor credit cards. My visa, with a close to $8,000 balance remains. My interest rate is so high, it seems my payments aren’t moving the balance at all. I want to do a balance transfer to a lower interest rate, but I do not know where I [...]
- How Much Should I Put Monthly Toward My Credit Cards? – Sangeeta
Sangetta “Dear Steve, I’m trying to figure out how much I should put monthly toward each of my credit cards. I’m using this calculator from CNN.com. The problem is that I have a 0% interest on a few cards that expire in a few more months, and that calculator does not take that into account. [...]
- What Do you Think of Companies Like Debt Freedom Relief? – Casey
Casey “Dear Steve, I have $42,000 in unsecured credit card debt. Initially taken as low-interest ‘balance transfers’, interest has escalated to ~25% and minimum payments have become unmanageable. What is my best course of action? Debt settlement? What do you think of companies like Debt Freedom Relief? Casey” The Answer: Dear Casey, I took [...]
- What Can I Do with 0% Interest Ending? Harsha
“Dear Steve, I have 2500 balance on a 3500 credit limit divident platinum mastercard. i am on the 6th month of 6 month 0% apr offer, i have not missed a payment till now, and my credit history is like 9months old, i have 2 credit cards one is master card frpm citi and pther [...]
- I Owe $22,000 On One Credit Card and Now Want to Get Rid of It. – George
Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here. “Dear Steve, I have $22,000 [...]
- I Fell for the Balance Transfer Gimmicks Offered by the Credit Card Companies. – Brad
Brad “Dear Steve, My wife and I had our income reduced by $3,500 a month! I admit we overspent, and didnt save. I fell for the ‘balance transfer’ gimmicks offered by the credit card companies, and went head over heels in debt. I refinanced our home, that was almost paid off! Then they started raising [...]
- Bank of America Set to Raise Balance Transfer Fees
Making a balance transfer to a Bank of America Card just got a lot more expensive. On Jun 1 the fee charged when you transfer a balance to a Bank of America card will go from 3% of the balance to 4%. This move is just another is ways for banks to increase income and [...]
- Carolyn Built Her New Home Using Credit Card Cash Advances
“Dear Steve, I built a new home using credit card cash advances. I now have $85,000 in credit card debt and the interest rates average 25%. I can make up to $2500/month in credit payments but the interest rates are killing me. I had great credit before this issue. I have a good job and [...]
- Jeff Asks About Trick To Boast Credit Score. “Will It Work?”
“Dear Steve, I have never heard anyone ask this question or any money experts suggest it: If my wife and I have many joint user credit cards and lots of debt, could it help our credit scores if we changed the status of our joint cards to just the primary user, thus showing each of [...]
- Archeologists Finds 3,000-Year Old Credit Card Bill
An Israeli archeologist has discovered what he says is the earliest-known Hebrew text, found on a shard of pottery that dates to the time of King David from the Old Testament, about 3,000 years ago. Carbon dating of the ostracon (meaning “statement”), along with pottery analysis, dates the inscription to time of King David, about [...]