Credit Card Balance Transfers Can be Dangerous
Balance transfer credit card offers can be a very helpful thing when you are restructuring your
current debt level.
If you read the about us page of this website you will know that I had the
experience of...
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Credit Card Balance Transfers Can be Dangerous
Balance transfer credit card offers can be a very helpful thing when you are restructuring your
current debt level.
If you read the about us page of this website you will know that I had the
experience of having my families budget get out of control because of the way we used credit cards.
We fell into some of the classic balance transfer credit card traps and in this post we will examine
exactly what those financial traps are.
Wherever you live in the western world most banking groups in your region are using a similar tactic
to grow their credit card customer book.
Large banking groups use advertising either online or with
more personalised mailbox marketing to offer credit card balance transfers.
Usually the lower
percentage interest rate offers are only for customers that switch from one lender to another and
transfer the debt across.
The secondary tactic banks and finance companies use is to target new or
existing customers with
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