Question: Dear Steve, I’m 53; I have a 16-year-old at home still. I have a small daycare. 12 kids, I went through a divorce, and the judge gave me all the secured debt. 30,000. I have gotten it down to 20,000 since January 19’ I have used a Discover credit card, but now I can’t …
Americans are struggling with record levels of credit card debt – currently more than $1 trillion. Interest rates on that debt hovers around 16 percent. One popular solution is a “zero-percent balance transfer.” This is where a person transfers high-interest credit card balances to a new credit card – which charges no interest. These deals …
Question: Dear Steve, I need direction and help! I have approximately $25,000 in credit card debt. I have been able to Balance Transfer to 0% for years in trying to consistently pay down the debt over time, but it is slow, grueling and when something comes up, I set myself back years of progress. I …
“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 …
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 …
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 …
“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 …
“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 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 …
“Dear Steve, I just entered the Chase Balance Liquidation Program. My card jumped to 29.4% an a $7800 balance. I was a day late on my payment twice in 6 months so this was self inflicted. The original balance was 0%/12 mo’s. I had tried to Balance Transfer a portion of it to another card …