0 Percent Balance Transfer

Written by Jessica Duquette
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Monthly Payments are No Longer Discouraging

So many of us have been using the same credit card for years. If you are one of these people and find yourself paying more interest than actual bill, you should do some research on a zero percent balance transfer. It sounds too good to be true, but it isn't.

Every month you get your credit card statement in the mail and you write a check for the most you can afford. Often times this is for a little more than just the interest you are paying on the card. How does this make you feel? Do you feel like you will never be able to dig yourself out of this hole?

Alleviate Burdensome Interest Rates

You can stop feeling like that. With a zero percent balance transfer you can transfer all your debt onto a different credit card and alleviate those burdensome interest rates. That means that instead of your monthly payment going to pay for the interest only on your current bill, you entire payment will begin to chisel away at the card balance.

Read all the fine print before entering into an agreement for a zero percent balance transfer. Some companies only offer the zero percent balance transfer for a certain period of time. If you cannot pay your bill off in that amount of time, the interest rate could increase. This will buy you some time, but you'd rather enjoy the zero percent APR as long as it takes to pay the entire amount.

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