Learn how to lower the interest on your credit cards


	Learn how to lower the interest on your credit cards

redbourn

6-22-2009 7:38 AM

113 views

tags:

no late payments, debt, maxed out card, unpaid balance, credit score, transfer fees, interest, credit card

redbourn says:

Many people believe that transferring debt from a credit card that's charging the most interest to a new one that's charging lower interest is the way to go.

But is it?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/3e6f8ba8-aed8-438e-8cec-0671a61453e0/BD0AD967-2D02-4F52-A9AF-DC4E25627B54/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/" href="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/" style="font-size: 11px;">free-from-debts.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/"><H2><A title="Permanent Link: Learn How To Lower The Interest On Your Credit Cards" rel="bookmark" href="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/">
      Learn How To Lower The Interest On Your Credit Cards      </A></H2></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content9.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/" href="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/" style="font-size: 11px;">free-from-debts.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/"><H1 align="center">Call Your Credit Card Company First</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/"><P>The majority of people think that the best way to lower the  interest on their credit cards is to transfer the balance to a card that has a  lower rate, but it’s certainly not the first thing to do, for two reasons.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/"><P>1) You’ll pay transfer fees
2) Applying for new credit will lower your credit score.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://free-from-debts.org/learn-how-to-lower-the-interest-on-your-credit-cards/"><P>1) The length of time that the caller has had the card.
2) A low unpaid balance is preferable to a maxed out card.
3) A history of no late payments.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/BD0AD967-2D02-4F52-A9AF-DC4E25627B54/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>