If you have credit cards, you may see debt consolidation offers right and left. These debt consolidation offers usually involve you moving all of your credit card debt to a new or existing credit card so that you have one balance. Additionally, doing this debt consolidation may qualify you for an introductory low APR, which is designed to be lower than the APR's of your other cards.
Be careful if you are considering this. Many times, these low introductory APR's have strict conditions and small windows of benefit. It's common for the introductory APR to be around 2% and then jump up to 20% without any advance notice. If you're going to do a debt consolidation on a credit card, be wary of the potential consequences if you don't watch your account closely enough.
Good advice, thanks!
ReplyDeletegreat post and nice info!
ReplyDeleteI prefer not using credit cards but sometimes they come in handy
ReplyDeletenice info
ReplyDeleteThink of the air miles.
ReplyDeletecool post man...
ReplyDeleteThanks, i keep it in mind
ReplyDeleteI am very careful...hehe
ReplyDeletejeez 2% to 20%? thats a bit
ReplyDeleteWell at this area i'm pretty sure what i'm doing, but great post anyway!
ReplyDeletehaha reminds me of that chappelle show epoisode
ReplyDeletegood post, ill be sure to watch my account closely
ReplyDeleteluckily I don't have too much debt
ReplyDeletewhat? one credit card debt to another card? i think one card is enough ... for me there is more cards - less overview over it
ReplyDeletehate loaning things :(
ReplyDeletevery good post
thx for this info m8
ReplyDeleteAaah yes, good information once again, keep it coming !!
ReplyDeleteUseful info mate!
ReplyDeleteoh ill be sure to avoid these
ReplyDeleteDidn't know that.. Thanks for sharing
ReplyDeleteLots of good stuff here. Very refreshing information.
ReplyDeleteno debt here, thank god
ReplyDeletegood advice, a lot of the debt consolidation is a scam preying on people that already in bad situations...
ReplyDeletegood info in this post. also, im sorry that the people commenting on your blog suck at leaving good comments =/
ReplyDeleteYeah, I got caught with a nice whopping percentage.
ReplyDeleteIm full of debt :P
ReplyDeletenot sure if useful here.. in brazil
ReplyDeleteif i will ever have a credid card i will consider this :D thanks
ReplyDeleteOkay, i'll remember this!
ReplyDeleteDidn't realize they could switch the rates without notice after they trick you to sign up, good information
ReplyDeleteThanks for sharing this useful information.
ReplyDeleteThis is why I love set rates
ReplyDeletevery valuable info to have
ReplyDeletescary stuff to be honest
ReplyDeletegreat info as usual
ReplyDeleteIf the company is in business, obviously it is making money. Therefore, I find it really hard to trust any company that is able to pay for a TV commercial and says that they can free me of debt. Sure...
ReplyDeleteYou have me hooked on this blog! Wow! That's all I have to say!
ReplyDeleteDebt is not good!
ReplyDeletenice post..
ReplyDeleteSweet Post!
ReplyDeleteGreat advice in a tone that is easy to understand... That's got you written all over it!!
ReplyDeleteThanks man, as usual!
I hope I don't end up in debt >_<
ReplyDeleteGood information dude!
ReplyDeletehelpful info.
ReplyDeletethanks, unfortunatly I have some debt myself :(
ReplyDeletethere are a lot of fraudulent debt consolidators out there. make sure to research yours online before paying anything!
ReplyDeleteLot's of learning thanks !
ReplyDeletei feel like those debt consolidation places are such a scam, it's like they try to advertise free money
ReplyDeletei use credit cards ravishly!
ReplyDeleteI don't use credit cards.
ReplyDeleteim going to need this in the future
ReplyDeleteNice post, keep it coming!
ReplyDeletegreat source of info here :)
ReplyDeleteOr just use a debit card. Saves a lot of problems.
ReplyDeletegreat advise, i was actually considering consolidating
ReplyDeleteyou useally are worse off with consolidation plans.... following
ReplyDeleteanother great post
ReplyDeleteI have only my cash card ... for buying online and thats it !!! :D
ReplyDeleteUseful post, thanks :)
ReplyDeletei like your post!
ReplyDeleteSupportin
good informations...
ReplyDeleteWow that's a huge difference in rates. Everybody has to know this.
ReplyDeletegood to know!
ReplyDeleteThanks for sharing bro :)
ReplyDeleteWhat are some of the main conditions you would se eon these?
ReplyDeletegreat post! amazing stuff ;D
ReplyDeleteUgh. Still sweating my student loans.
ReplyDelete