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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Balance Transfers - A Silver Bullet? Date:  7/16/2003  11:19 AM
Author:  llamalluv Number:  164785 of 312185

I don't think that anyone here promotes the BT knowing that the person won't qualify.

It seems that typically, the person asking already has the BT offer in hand (ie an already open account, etc), so we are really just crunching the numbers and coming up with, "yeah, it is cheaper to pay the $75 BT fee and get 4% reduction in interest over a year."
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