Getting a 0% credit card offer in the mail can be very enticing.
You may think this is a good way to help you pay down your debt. A balance transfer to a 0% credit card can save you money because you don’t have to pay the interest on the debt any-more. But it will only save you money if you can pay down the balance in the time allotted. If not, you may be hit with an even bigger interest rate than you had on the previous card! If you are thinking about transfers to interest free credit cards in order to pay down debt, know it is not your only option! Contact us today to learn more about our debt settlement programs.