Comments on: Managing Credit Card Debt http://www.creditcardscompare.com.au/credit-card-articles/managing-credit-card-debt Credit card comparison for Australian consumers. Apply online for the best credit card deals from the leading providers. Sun, 09 Aug 2009 03:59:37 +1000 http://wordpress.org/?v=2.8.4 hourly 1 By: Credit Cards - Decrease your credit limit! | Credit Card Comparison http://www.creditcardscompare.com.au/credit-card-articles/managing-credit-card-debt/comment-page-1#comment-83 Credit Cards - Decrease your credit limit! | Credit Card Comparison Mon, 16 Feb 2009 00:45:04 +0000 http://peekj0321.wordpress.com/2008/03/09/managing-credit-card-debt/#comment-83 [...] card debt and would like some advice on improving your situation, check out our earlier article “Managing Credit Card Debt” for some helpful [...] [...] card debt and would like some advice on improving your situation, check out our earlier article “Managing Credit Card Debt” for some helpful [...]

]]> By: Anonymous http://www.creditcardscompare.com.au/credit-card-articles/managing-credit-card-debt/comment-page-1#comment-5 Anonymous Wed, 12 Mar 2008 03:37:00 +0000 http://peekj0321.wordpress.com/2008/03/09/managing-credit-card-debt/#comment-5 I had a $8000 balance on my credit card with a interest rate of 17.99%. It made no sense to keep paying this high interest rate. I transferred my balance over to a new Bankwest Lite Mastercard. I have to say this will make a huge difference over the next 9 months as the payments I will make will be coming straight off the debt rather than paying interest charges. Then only thing to watch for as I've noticed is that some providers have a very high intrest rate after the balance transfer period has expired. But if you think you can get your balance down in this period it makes sense to find a more competitive card.<br/><br/>Adam I had a $8000 balance on my credit card with a interest rate of 17.99%. It made no sense to keep paying this high interest rate. I transferred my balance over to a new Bankwest Lite Mastercard. I have to say this will make a huge difference over the next 9 months as the payments I will make will be coming straight off the debt rather than paying interest charges. Then only thing to watch for as I’ve noticed is that some providers have a very high intrest rate after the balance transfer period has expired. But if you think you can get your balance down in this period it makes sense to find a more competitive card.

Adam

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