| I’m sure you already know that paying multiple | | | | reducing your debt. |
| payments, one for each of numerous credit cards, | | | | You'll find that companies offer many types of |
| each month can be difficult on your budget. How | | | | promotions, including zero fees for transfers and zero |
| would you like to not only reduce the number of cards | | | | interest for anywhere from 6 to 18 months. You want |
| you have, but also reduce the amount you’ll be | | | | to use that promotional period to pay down your |
| paying back too? | | | | balance as soon as possible, therefore it is wise to |
| Do you know that you can combine, or consolidate, | | | | pay as much as you can above your minimum |
| balances from multiple cards to a single one and pay | | | | monthly payment amount. |
| zero interest from six to eighteen months? You can, if | | | | Depending upon the limit set forth by your new card |
| you qualify. | | | | company, you may be able to transfer balances from |
| If you are looking to decrease your credit card debt | | | | any number of credit cards you carry. You then have |
| load, a wise move would be to seek out 0 interest | | | | the option to apply that monthly interest you are now |
| rate credit cards and apply for one as soon as | | | | paying to the new consolidated balance. |
| possible. You can do this conveniently online. | | | | This is how to do it. |
| How would this benefit you? | | | | 1. Apply for a 0 interest rate credit cards |
| It helps you to pay off your bills and get out of debt at | | | | 2. Transfer balances from other credit cards with |
| a much faster pace. | | | | higher interest rates. |
| Once you get that new card, you can then transfer | | | | 3. Pay as much above your minimum monthly |
| balances over to it from your higher rate cards. | | | | payment as you can. |
| Now, this strategy works by using it for those | | | | 4. Reduce your overall payments and entire debt by a |
| transfers only. Do not use it to run up more debt. New | | | | matter of years. |
| purchases would defeat the whole purpose of | | | | |