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Too Many Americans Falling for Balance Transfer Trick

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 …

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How Can I Break Free From Just Doing Balance Transfers to Move My Credit Card Debt? – Kevin

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 …

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

“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 …

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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 …

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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 …

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