You have read the new with zero payment offers, counting your attitude. While these offers to share the balance are pushing many more people into serious financial difficulties, I propose some suggestions on how to better manage your loan. Credit card debt is rising at an alarming rate and many people are facing severe financial difficulties. One of the reasons is the promotion of the balance of interests and the opening periods without interest.
Like many people, I have been tested with these offers to change my credit cards. I took them on their application and changed the debt on my credit card and had interest free to pay for a limited period of time. But in an “emergency”, I usually put my old card.
I forgot some kind of incident, an unexpected bill, a marriage or a birthday. “I never remember”, I said “I can put it on an old card, there is so much debt there, it’s fine”.
After a few months and several unexpected bills, the interest free period ends, and my new card and the old card pay interest. It’s very bad for me now. But there is no doubt, since there is another card for which there are no other interests without interest and interest-free payments.
It’s very easy, and the banking and credit card companies become that, and it’s just a mistake to make a mistake. You may lose your temper, lose your job or lose some other overtime service, and your salary may be lower. Credit card companies may decide to pay a lot on credit cards and the reimbursement will be difficult, or your loan will be regularly negligent and your business will not be necessary. Whatever the reason, you will have all the bills you pay and start struggling with the minimum payment. It will be more difficult to change the next balance that accrues interest because it has broken.
Now you have a real problem, but it is avoided. I can suggest that you do not use the credit card, but I will admit that I can not accept it. I will not suggest ignoring the 0% assignment.
The easiest way to get this balance transfer benefit is to maintain your card maintenance. When you switch to a new generation, your previous card will be cut.
You can get 0% returns, but minimize your exposure to high debts.
Once you have cut your card, you must close the card issuer and close the account. The card issuer will be tempted to use special discounts to use your old card until you close the account.
Another track that will not be paid at least. Always pay the maximum monthly payments you can get. Reducing your payments will pay you the repayment period that you must repay and increase your long-term payments. Use low interest rates to reduce your debt and use interest overdrafts as well.
As a result of being generous in the credit card company, interest-free balances are not offered. They do it in the vast majority of them and may charge you for a long time in the long term. Use a free loan for benefits instead of credit cards.