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Can Credit Cards Balance Transfers Get You Out of Debt?

Found this interesting article about credit cards balance transfers. It reinforces the idea that, if you’re disciplined enough, transferring your balance to a new card at a great introductory rate can actually help get you out of debt.

Opening a second account, while keeping the old account open, can certainly help your credit score, but with 0% APR rates available on balance transfers for up to 18 months, there’s an added incentive to get your credit under control.

See http://www.jabberlounge.com/balance-transfer-cards-help-people-in-debt/222044/ for the full story.

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