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Subject:  Balance Transfers - A Silver Bullet? Date:  7/16/2003  11:16 AM
Author:  rah1420 Number:  164783 of 309665

Okay, I've seen a few replies to posts that promote a balance transfer as a panacea for pretty much everything from interest rate hikes to getting rid of flatworms to the cure for the common cold.

I just thought I'd put my two cents in (and why is it that they only offer a penny for your thoughts?) and mention that a balance transfer (although really Nifty and Keen) is not the way that some people can go.

I have a marginally prime FICO score, such that most lenders won't touch me with a ten foot pole. They do enjoy sending me credit card offers, but somehow they all have a reason why I shouldn't get a card at this time. Most of them are "proportion of credit balance to available credit too high" or some such nonsense.

In this case, dangling a balance transfer in front of me is like holding the banana just out of reach of the monkey in the cage. Looks great, it'd be tasty if I could only... just... get... to... the... next... level. But I can't