If so, which one. Are there still some good deals?
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i am a original credit card tart! all my card have 0% balance transferes
and yes there are good deals out there however now you get charged for the Transfer but still it’s better than paying all that percentage each month at least you have a chance to pay off your debt.
if you have not finished your debt by the time it ends the just change it to another card but you have to remember not to spend on the card or you are back to square one again
Yes, my husband did. It’s a good idea if you are disciplined.
But there is one thing you need to watch. With some deals, your balance transfer is at 0%, but any subsequent purchases have interest charged on them. If you put your debt onto the card (say £3000) and then buy some things with the card (say £200-worth), the small print may indicate that the £3000 must be paid off first.
In other words, you will be charged interest on the £200 every month until the £3000 has been paid off.
You have to be disciplined to use these cards. Even though you are not responsible for paying the interest for the promotional period, your account will still accrue interest as normal.
At the end of the promotion, if you are not done paying the balance, you are responsible for all of the interest that accumulated. If you pay before the deadline, you don’t have to pay that interest.
Make sure there are no annual fees and no transfer fees with the promotion and you should be ok.
If you just want to pay down your debt, also look into a personal loan that guarantees you will be done paying in a fixed term as long as you make your scheduled minimum payments.
i did it, it was the biggest mistake i ever made, cause when i got it i relaxed, and gave a big sigh of relief and ended up running up both my credit cards, 7 years later i owe nearly 6k.
my advice, don’t do it, you will regret it
Make sure that the card you are transferring to has a better rate obviously, and don’t get lax. Pay off as much as you can as fast as you can.
I managed to get rid of my credit card and personal loan debt by getting it cancelled. If it was taken out before 1 April 2007 get help at this website.
I have Virgin is good
but self discipline is very important
18months 0% interest
yes, but they are stricter on lending…I’ve got an excellent credit rating and have been turned down
Virgin Money always gets a mention in the ‘best buy’ tables.