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Reply to "Should I transfer my credit card Balance?"
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[quote=Anonymous]I remember watching a Suze Orman show several years ago that recommended that people in debt leverage 0% interest cards to help them pay down their debt. I did it and it worked beautifully. I transferred my balance (grad school debt of $5k) to a 0% interest card then began to work on paying it down. I closed the old card. Then, I filed the actual new credit card away so I wouldn't use them. I marked on my calendar when the 0% interest was to end so I could transfer the remaining balance before incurring interest. I did this a few times until I had it paid off. I had no problems and it was a big help to me. Most of the cards I found had the 0% for at least a year so I didn't have to transfer things very often.[/quote]
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