Net Worth
Good Info I've Collected
- Debt Calculators and Debt Reduction Resources
- Financial Calculators
- Free Stuff
- Increasing Your Income
- Keeping Motivated
- Living Frugal
- Random Money Saving Tip
Site Design By
Site Hosted By
- Dreamhost - use code GIVEME50 and you will save $50 off your first year of hosting (I make $47).
A few months ago, Credit Card #1 decided to raise the interest rate on me again. I was so flustered that I soon was on a mission to get that debt off of that card.
I actually went into two banks and discussed the possiblity of getting a personal loan to pay the credit card so then I can turn around and transfer the loan balance right back to the credit card (to take advantage of their 0% interest balance transfer offer).
I had all of my papers with me, including the offer from the credit card stating the end date to accept the balance transfer offer.
It didn’t take long for them to say “No.”
I briefly then considered finding a loan shark, but decided against that choice. I guess I will get rid of Credit Card #1 the old fashioned way.
Technorati Tags: balance+transfer, personal+loan, interest+rate
Random Posts
Leave a Reply
About This Site
Credit Card Debt
- Starting = $37,614
- Paid Off = $28,882
- Current = $8,732
- $25 ING Savings Bonus
Savings Account
- Current = $4,000
| BlogHer Ad Network |
| More from BlogHer |
| Advertise here |
| BlogHer Privacy Policy |
Posted: July 20th, 2006 at 8:20 pm
[...] I’ve been curious about it because I have been trying to get the balance off of Credit Card #2 so I can transfer it back on for a lower rate (the rate is currently 16.49%). I tried going to a bank once for a loan, and that didn’t work. Could something like Prosper work for me? [...]