I used one and it helped pay off my debt a year ahead of schedule! She said more people should take advantage of these offers to get out of debt and I totally agree.
All you need to do is apply for 0% balance transfer credit cards and watch your debt shrink much more rapidly.
The 0% balance transfer tactic worked well, with each card earning a couple hundred dollars before taxes with minimal effort. Now that the credit card companies are offering these 0% balance transfer offers in full force again, a reader took the plunge and wrote me an email that really changed my perception of these 0% balance transfer cards.
How that account is managed after the transfer is what will make the difference in how much money is saved over the course of the zero interest period.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 calculator is based on making the minimum repayment amount at a 18% interest rate.Minimum repayments are calculated as a percentage of the closing balance, typically 2 or 2.5%, or a set dollar amount, usually around , whichever is greater.