Incomist

As you probably know, many pros and cons exist when transferring your debt to 0% interest balance transfer credit cards.

But what the heck are they?

I mean, it seems like a no-brainer right?

You’ll pay no interest for a promotional period of time so 100% of your payment will go to the principal.

Sounds like a win to me.  And quite often it is a win.

But not always.

When you know all the pros and cons, you can accurately determine if transferring your debt to a balance transfer card makes sense for you.

With that in mind, I’ve put together a complete list of pros and cons below to help you decide if you should transfer your balance. [Read more…]

One of the biggest frustrations that come with paying down your credit cards, is that a large amount of your money goes towards the interest on the account.

With so much money tied up in interest, it’s very difficult to make headway and ultimately pay off your cards.

And if you aren’t able to pay more than the minimum payment, paying off your debt is next to impossible.

Enter bi-weekly credit card payments.

By using a bi-weekly payment strategy, you can direct more money towards the principal debt, and [Read more…]