It is difficult to give generalized financial advice. Because everyone’s situation is different and the dollars are in the details. Having said that, here's a look at the benefits of a balance transfer.
A balance transfer is when you move the debt from one debt instrument to another. In most cases, a credit card is the receiving instrument.
Some pros to doing a balance transfer.
Some things you should be aware of when making a balance transfer.
Zero interest balance transfers can be a successful debt reduction tool. They need discipline to be effective. Or they can lead to more debt.
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