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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<