Search
Recommended Products
Related Links


 

 

Informative Articles

Debt: The Good, The Bad And The Ugly
An article of 750 words describing the different kinds of debt and how understanding debt can help you make better decisions when making purchases with credit. “Neither a borrower, nor a lender be,” cautions Shakespeare in Hamlet. The reality...

How To Use Debt To Transform Your Life
REPRINT GUIDELINES =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= You are free to publish the following article in its entirety in your eZine or on your website. Our only condition is that you MUST keep the information about...

Solve Your Debt Problems
Although it would be wonderful if debt would magically disappear, the only way to get rid of it is to pay it off. Almost everyone has some sort of debt. Although getting rid of debt is not as simple as accumulating it, there is a way you can...

Student Loan Debt Consolidation - Students Cannot Afford to Lose Sleep over Debts.
Studies take a back seat when debts begin to hold a prominent place in students' finances. Guardians would find this strange, since most guardians feel that they send their wards more than enough money to meet the needs of their wards. The needs...

Wedding Loans – Marry Your Spouse Not Debts
Weddings in the UK generally last for a day or two; the after-effects however last for months and years after the wedding is over. People have a genuine demand in making the wedding day a posh affair. Since it is once in a lifetime event, all wise...

 
Google
Use Your Good Credit to Consolidate Debt & Save Money

If you are like me, you receive multiple 0% APR credit card offers on a daily basis. Up until about a year ago, I would just throw them away. Then I wised up and saw an opportunity. Not only could I consolidate my current credit cards, I could eliminate unnecessary interest expenses.

I first transferred all outstanding balances from my high-interest credit cards (which were all of them) to my new 0% card. Now I was only making one payment a month instead of three. I then determined the average payment I would have to make each month to have it paid off at the end of the promotional period. That's the payment I made each month and it saved me a great deal of money in interest charges. At the end of the promotional period, my debt was paid off and I hadn't spent a dime in interest! The other option would have been to transfer the balance once again to a NEW 0% card at the end of the promotional period, further


lowering the initial monthly payment.

I do have a few suggestions before jumping in and signing up for any 0% card. Compare all that are out there! Read the terms carefully. Is there a balance transfer fee, and if so, how much is it? Does the 0% apply to balance transfers only or to purchases as well? How long is the 0% promotional period? Know the terms well or this 0% card could cost you more than that 18% card you're already carrying in your wallet. There are a great deal of cards out there - pick the one that is the most beneficial to your needs. Best of luck!

About the author:

Jennifer Tarzian holds a Bachelor of Science degree in Psychology. Her experience includes sales, service, and managing a small corporation. She is proud to be a stay-at-home mom and enjoys spending time with her family and friends.

http://www.youngparentsmagazine.com http://creditcards.youngparentsmagazine.com