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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Credit Card Debt Question Date:  5/6/2013  8:03 PM
Author:  vkg Number:  306980 of 312185

Those who transfer credit card debt are more likely to run up credit card debt again. It isn't an absolute, just more likely.

Your current average rate is 11%. 2% is $720 a year. Not insigificant, but also not a silver bullet.

Can you do better with low interest balance transfers? What are the separate account balances and interest rates?
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