Wednesday, July 20, 2016

Debt Consolidation Strategy

If you have alot of debt, or even a little, and are paying outrageous interest or any interest for that matter, you may want to apply for a new credit card with 0% interest on balance transfers. This is a very simple procedure that many people now use to avoid paying interest on their debt. There are numerous credit cards available that allow to transfer balances and receive an introductory rate of 0%, usually for 12 months, on any balance transfers.

In fact, many people apply for a new card about six to eight weeks before their their current offer ends. They then transfer any remaining balance to the new credit card and again receive 0% interest. This cycle can go on until the debt is paid off without having to pay huge interest rates. This process can save thousands of dollars a year, and help you to pay off your balances are a much faster rate.

If you are interested in applying for a credit card that offers 0% interest on balance transfers, you can do online and be approved instantly. The advantage of applying online is that many sites let you compare different credit cards to find out which one is best for you. Please take your time and compare some of the benefits of each card, some even offer 0% on purchases.

This strategy will help you in your debt consolidation efforts and is the best way I know to cut interest paid out each month. If you are looking to apply online, you may compare cards by visiting website clicking on the balance transfer cards option.