Should You Balance Transfer?
Balance transfers are a powerful tool to escape credit card debt. By taking out a personal loan at 12-14% or using a 0% introductory APR balance transfer credit card, you can stop the bleeding of 36-40% credit card interest.
Financial Strategy: A balance transfer only works if you do not add new debt. Once you transfer the balance, commit to not using the old credit card, and maintain your high monthly payments to eliminate the principal aggressively.