I will update better tomorrow when I've got more time - bed time for J is looming. But, for now:
I just opened my mail and Nationwide are offering me a credit card with 0% on balance transfers for 26 months. Loyal readers might remember I applied for a card a while ago, but I was declined. This time they've sent me a special code to quote. I'm thinking I should apply for it. Is there any reason that anyone can think of, why I shouldn't apply? Of course, I might get declined again because that other application was a while ago.
Oh, in case I didn't make it clear, I would transfer as much as possible from Bank of Scotland.
Short Update
July 8th, 2015 at 05:46 pm
July 8th, 2015 at 05:56 pm 1436374607
So it all depends on how you think you'll react once the balance is transferred. They can be really beneficial to a debt payoff journey or incredibly ruinous.
July 8th, 2015 at 05:59 pm 1436374794
July 8th, 2015 at 06:04 pm 1436375050
July 8th, 2015 at 06:17 pm 1436375826
July 8th, 2015 at 07:31 pm 1436380300
July 8th, 2015 at 10:41 pm 1436391706
I've no idea what you are currently paying on each of your accounts to keep them current, but I suggest you divide each of your CC balances by 26 and decide which sum you can manage each and every month without missing even one payment, [while keeping up regular payments on other regular bills]. For example, if you can pay 65. you will be done with CC#1 by the time the promotion ends.
With a higher credit score that results, you would likely be able to easily get another 0% card promotion from some other grantor and pick another account to repeat the process. Catalogue sum 4442 would need payments of 172. Like ceejay explained so well....it is a very dangerous path if you don't stay very disciplined while life throws challenges.
July 9th, 2015 at 02:40 am 1436406053
July 9th, 2015 at 06:32 am 1436419934