5 red flags on credit card transfer transfers, according to experts

Make sure you prepare for success when you travel to your debt.


.

Read this then: .

1

using credit card to shop online

AE0FCC31AE342FD3A1346EBB1F342FCB

.

2

A young woman holding a credit card at her desk and looking at it with a sad expression

, recount Better life .

Read this then: .

3

man upset looking at bills

4

credit cards stacked on laptop

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."

For more financial advice delivered directly in your reception box, Register for our daily newsletter .

5
Make sure to follow your plan.

Latin-American woman holding a card and Latin-American man looking at a computer
Dropout

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.


Categories: Smarter Living
Tags: / News
Top 10 actresses who played superheroes in movies
Top 10 actresses who played superheroes in movies
6 times that Blue Ivy Carter stole the show
6 times that Blue Ivy Carter stole the show
Covid-19 patients could lose hearing.
Covid-19 patients could lose hearing.