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Tag Archives: balance transfer

How Can I Move My Debt Around to Pay It Off Faster? – Max

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“Dear Steve, I’m back again. This time with a different subject, though I’m still working on the other issue we talked about previously. So, I want a credit limit increase or a new card, though I already have 4 cards. I want to transfer my $6,000 Chase card balance with an APR to one of my no APR cards (2 ... Read More »

Bank of America Offers Sweet Balance Transfer Deal in Time for Christmas

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You would not believe the number of credit offers I review and see. But this one caught my attention as usually interesting. I have no idea how many people have access to this offer but if you are a Bank of America card holder it might be worth calling customer service and seeing if you are eligible for it if ... Read More »

Is a Balance Transfer Worth It?

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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 that you will pay off ... Read More »

Best Balance Transfer Offer With Checks. Is That Smart? – D

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“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 the cc pymt dates every ... Read More »

Should I Transfer Credit Card Debt to a Home Equity Loan? – Jake

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“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 which will be at 4.00% ... Read More »

David Writes In “I Have No More to Give”

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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 more to give, and we ... Read More »

Terri Wants to Know “Is There a Way to Get Out of Debt Without Ruining Our Credit?”

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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 have a small amount left ... Read More »

Where Can I Go to Payoff My Credit Card With a Cheap Loan? – Sarah

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“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 should go for that. My ... Read More »

How Much Should I Put Monthly Toward My Credit Cards? – Sangeeta

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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. Should I still pay the ... Read More »

What Do you Think of Companies Like Debt Freedom Relief? – Casey

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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” Don’t miss our free Get Out of Debt – “How To” Guide ... Read More »

What Can I Do with 0% Interest Ending? Harsha

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“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 600$ card from bofa with ... Read More »

I Owe $22,000 On One Credit Card and Now Want to Get Rid of It. – George

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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 of credit card debt on ... Read More »

I Fell for the Balance Transfer Gimmicks Offered by the Credit Card Companies. – Brad

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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 rates, dropping limits, some even ... Read More »

Bank of America Set to Raise Balance Transfer Fees

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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 revenue. From raising interest rates ... Read More »

Carolyn Built Her New Home Using Credit Card Cash Advances

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“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 predictable income. What is the ... Read More »

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