Comments on: How to Get a Balance Transfer Credit Card Offer http://www.moneyblogger.org/credit-cards/how-to-get-a-balance-transfer-credit-card-offer/ Tue, 31 Aug 2010 09:52:06 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Balance Transfer Credit Card http://www.moneyblogger.org/credit-cards/how-to-get-a-balance-transfer-credit-card-offer/comment-page-1/#comment-1645 Balance Transfer Credit Card Wed, 03 Mar 2010 16:51:05 +0000 http://www.moneyblogger.org/?p=748#comment-1645 At last... an article that talks about the essence of credit card debt problems. Normally everything is blamed on high APR's and greedy lenders, but its brought about by people spending (someone elses money) without really considering if they can afford to pay it back. As for credit balance transfers - yes they can be excellent for getting some breathing space to pay off the capital. However, you have to ask the question - how many people use it as an opportunity to load more debt onto a freshly cleared credit card? Amen. At last… an article that talks about the essence of credit card debt problems. Normally everything is blamed on high APR’s and greedy lenders, but its brought about by people spending (someone elses money) without really considering if they can afford to pay it back.

As for credit balance transfers – yes they can be excellent for getting some breathing space to pay off the capital. However, you have to ask the question – how many people use it as an opportunity to load more debt onto a freshly cleared credit card? Amen.

]]>