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Tag Archives: balance transfer

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 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

        “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 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 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 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”   Dear Casey, I took a quick look online and could not ... 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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