Balance transfer - Is it a good option?

Is balance transfer a good option to pay off debt?

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I too agree! Financial discipline is very important when you're going for a balance transfer. You have to transfer the entire balance within the introductory period so that you can avail the low interest rates. A rate shopping is also necessary as you have to make sure you get the card with the lowest interest rate and with the longest introductory period.


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Yep…Soaplady is right. If you want to payoff your debt yourself, then balance transfer method is a good option. You can glance through the following link to know more about balance transfer:
http://www.debtconsolidationcare.com/rate-arbitration.html

 


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Possibly....if you have good enough credit to get a zero interest card and the discipline to pay down that card, then yes.  Otherwise you end up transfering around debt.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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