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 by Lawrence D. Goldberg Amazon Price: $9.95 3-minute-balance-transfer by Gordon Goodfellow Amazon Price: $0.99 |
Balance Transfer Credit Card ArticleGet your Debt under Control with a Balance Transfer Credit CardAre you feeling overwhelmed with the large amount of high-interest debt that you are trying to dig your way out from under? I know just how you feel, because I've been there, done that too. Good old Visa can rack up quite a hefty payoff figure if you are not careful, and the finance charges can make it tough to see any progress on the principal amount. Nobody likes to be subject to so much debt, but what is the answer? I have found it in balance transfer credit cards that offer a low rate of interest if you move existing balances to the new account. It's really easy to shift your existing debt onto a balance transfer credit card. Once you have applied and been approved for the account, the finance company will send you blank checks that you can fill out and send to your current creditors to pay off the outstanding amounts. The checks will be drawn on your new account, and you will begin making your payments to this company just like you did to your current finance companies. But here's the beauty of it: instead of paying finance charges of 18% or more, these companies may offer rates as low as 12% or less on balance transfer credit cards. And many will even give you a special 0% introductory rate for up to 12 months on the amounts brought over from other accounts! I found that when I wasn't paying an arm and a leg in finance charges every month, I really could begin to make a dent in the amount of money I owed. I can't tell you how great it felt to begin seeing that payoff amount on my balance transfer credit card get lower and lower, until I could finally make one great big payment at the end to pay it all off. No more debt! The feeling of financial freedom is an awesome one indeed. So where do you find these balance transfer credit cards? The best place is on the Internet, for a couple of reasons. First, the entire application process can often be completed online, making it quick, easy, and convenient to open up one of these accounts. Second, you can actually shop for the best rates online, since many websites post balance transfer credit card comparison charts that list interest rates as well as other account features, making it simple to choose the offer you like best. Why go to the work of finding the best balance transfer credit cards when you can let someone else do the research for you? I found my account online, and opening it was one of the best financial decisions I ever made. Find your own financial freedom and get your debt under control with one of these accounts. Spend wisely!
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Ask an Expert: Converting traditional IRA to Roth might make sense - Orlando ...3 Jul 2009 at 7:11pm A: It is an excellent idea in many cases. If you think taxes are going higher in the future it might be a good time to pay tax now on the conversion and never pay tax again on the distributions. Also, the tax liability can be spread out over years ... |
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