Does consolidating credit card debt hurt credit score

Rated 4.41/5 based on 573 customer reviews

This posts lists a bunch of the 0% balance transfer credit cards on the market today, and having the list in the first place was motivated by a reader who managed to pay off her debt with these 0% balance transfer offers.Below is her story along with the different choices out there on the market today, including a couple options with no balance transfer fees.

In the event that there is still a balance remaining on the transferred balance as this time period comes to a close, it may be possible to open a 0% balance transfer credit card with another company, and continue the cycle further.

Some balance transfer offers are considerably longer than others, and in this case, longer is definitely better.

In addition, customers would be well advised to pay close attention to the interest rate after the period of zero interest expires. However, some companies will charge incredibly high rates after the end of the initial period with no interest.

This number was calculating assuming you are making minimum payments of 3% per month of the balance remaining.

If you are making larger payments, you will pay less in interest.

Leave a Reply