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Published 4 years ago by vitaldollar with 0 Comments
  • One of the best ways to save money on interest payments is to do a balance transfer. Some of the best balance transfer credit cards offer 0% interest on balance transfers for up to 18 months. Of course, this is not a strategy for paying off your debt, and it's not something you should rely on. But if you're in a situation where you're paying a very high interest rate on credit card debt, a balance transfer can allow you to have some time to pay it down without being charged any additional interest. You should only do this if you can avoid racking up additional debt as that would defeat the purpose.

 

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