Archive for May, 2005

Transferring balances Between Credit Cards

Transferring credit card balances can be a good plan if you take the time to understand all the terms and conditions associated with the new credit card. Good deals are to be found that will help lower your monthly outflows. The savings are typically from low credit card interest rates. However before getting seduced by low interest rate balance transfers, find out about other fees and charges.

Paying off Credit Cards With Minimum Payments

Very convincing advice about the pitfalls in paying the minimum credit card payment every month. Breaks down all of the credit card payment scenarios to illustrate how minimum payments mean nearly never ending credit card payments. Double up and pay down your debt!