5 red flags on credit card transfer transfers, according to experts
Make sure you prepare for success when you travel to your debt.
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And there is at least another obvious drawback. "Rewards can try a card holder to use the new card for new purchases. This can simply bring you back to the same debt situation," warns Huynh. "Instead of keeping it in your wallet, store the new card in a safe place so that you are not tempted to use it."
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5 Make sure to follow your plan.
Starting to reduce your credit card debt can be a reduction in itself. But whoever seeks to take care of his invoices once and for all will have to remain concentrated on the task to be accomplished if he wants to make a balance of balance is worth it.
"You should ask yourself what you will do with these new attractive terms if you qualify for everything as announced," said Riley Adams , a certified public accountant and founder of Young and invested . "Are you going to use it as a unique tool to feed your debt and avoid falling back into this expensive form of financing? Or will it only serve a way to borrow more-and potentially lead to a worse financial situation?"
Adams concludes: "Even once you have sailed in red flags that are delivered with a credit card transfer offer, you will have to solve the basic problem: this will change your behavior and your financial situation for the best?"
Best Life offers the most up -to -date financial information for high -level experts and latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.
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