<<I'm very curious as to why you do not recommend balance transfers as part of a debt paydown plan.>>I have a few reasons, but it really boils down to one issue: being in debt has more to do with behavior than mathematics.Most of the advice I give is to people who are just starting to get out of debt. I do not think that it is a good thing for someone in this state to even consider getting out of debt using credit cards.If you read many of my posts, you will see that I usually suggest things that have to do with behavior or attitude--budgeting is big with me.Perhaps you have come to terms with your behavior and see BT's as a short cut. They certainly can be or they can be traps if you are not careful. I prefer not to play with the snake. I don't like CC companies because I do not trust ANY of them and try to make it a policy not to give money to anyone I don't trust.If you are thinking, "Aw c'mon. When you work the snowball, you catch on to everything," I can point to a regular on this board who has become an ace at getting low rates, but still finds herself in debt because they did not budget (I can, but I won't. Figure it out yourself).Simply put. I look at BT's the way a fireman might look at using a controlled burn to put out a brush fire. Yes, it can work but not if you have a lot of water to put out the overall fire. And if you use it too much, you're left with a lot of burned up land.Fred
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