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Google ' credit card transfer offers' or something like that on the net. Or, if you're like most people, just
check your mailbox--you probably get dozens of cc transfer offers every week. Look for no interest or
zero interest offers for as long a duration as you can. You'll pay a 3-4% transfer fee, but so what?...
that's much much cheaper than what your present cc is charging now over a year. If you have a large balance, try to find a deal with a transfer cap amount, which can save you a few bucks. When one transfer deal expires, just find a new one. It takes a little work, but it can save you a bundle..the cc companies are counting on your being too lazy to go to the trouble. Nothing illegal or immoral about this...it's called 'money management'...you control your finances, not vise-versa.
1.) Read the fine print carefully.
2.) Stop charging. The low transfer interest only applies to the transferred amount, not new charges.
3.) Make sure you make all payments on time. Miss just one and the transfer rate is gone!
4.) Pay these cards down as quicky as possible, don't go for those 'no payments for X months" deals.
Hope this helps.
Merchant Services Credit Card Acceptance Specialist
Two things - most business credit card programs have been suspended - not likely to find many programs that remain. Second, no lender likes to hear the word consolidate - throws up a red flag. - Aslo, huge fees to transfer balances these days - either big fees or high interest on the amount transferred.
How much are you looking to consolidate?
There are many resources on our site that you can search for - no cost to you. There are business loans - which should be way under 37% - there are also credit card consolidation companies that you can find.
Good luck - glad to see that you are thinking ahead and are concerned about cash flow.
Business Money Today
Call me at (910)392-8740 or email me at firstname.lastname@example.org. Thanks.
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We've all seen it. Credit card companies increasing rates even if payments are made on time. This is true in our case also. We pay more than the minimum and always on time. Advanta at 37%! I would like to know where I can get information on consolidating a couple of credit cards into one "loan" with a lower monthly payment. We are holding our own during these trying economic times but are looking for a way to lower our monthly debt payments to help secure our future business. Thanks in advance.