Until then, use these strategies to cut down debt
By Amy E. Buttell
If you use your credit cards for balance transfers or cash advances in addition to making purchases, your credit card payments will soon go further, starting in February 2010.
A single credit card can have multiple balances and interest rates — one rate for purchases, [...]
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Credit Cards can be used to lower your debt by transferring your existing balance to a card offering this type of deal. This benefits the card user in one of two ways:
Short term benefit:
If you are looking to reduce your repayments for your
credit cards; eliminating the interest charged on [...]
When it comes to the use of balance transfer credit cards, many consumers are full of questions and concerns. Although there are many advantages to using a balance transfer credit card, it is always best to have responded to these questions and concerns satisfied before moving forward with the implementation of [...]
