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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Credit Card Debt Question Date:  5/8/2013  1:30 PM
Author:  determinedmom Number:  307007 of 312188

I once had 6 figure CC debt. I did use balance transfers to help me get it paid off (paid it all off a few years ago).

I used balance transfers (I did have to pay fees for some zero percent transfers but I owed enough and the payout was long enough that that worked out for me). Once I balance tranfered something I wouldn't use that card at all. That is, a card I was in paydown mode on I only paid on and would not charge on.

I did continue regularly charging stuff, but I used a different card that I would pay in full each month.

Obviously to do this you have to have the self-discipline not run up new debt that you don't pay off each month.
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