09:07 21 April 2013
A lot of people are struggling to pay off their credit card debt. As you know, if you’re unable to pay your debt in time, even if you just pay the minimum amount per month, your credit card company will still charge you with interest.
This can get easily accumulate. For some cases, the interest becomes higher than the actual debt. If you’re struggling to pay your debt and if you want to eliminate interest, your best option is balance transfer cards.
This is a type of credit card that will allow you to transfer all your credit cards debts into one card. The good thing about this is that you will not be charged interest for a specific period of time.
This is usually 6 months. Of course, there are fees that you need to pay to get this type of credit card but it will be worth it.
What you can do is to try your hardest to pay all your debt within 6 months so you will not have to pay interest. This means that every penny you give your credit card company will be deducted from your initial debt.
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