The Big Secret Of 0 Apr Credit Cards: Debt Reduction
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Bob Miles
Apr 19, 2013, 1:00:04 PM4/19/13
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Please consider this free-reprint article written by:
Bob Miles
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Article Title: The Big Secret Of 0 Apr Credit Cards: Debt Reduction
Author: Bob Miles
Word Count: 367
Article URL: http://www.isnare.com/?aid=144175&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=144175
Easy Publish Tool: http://www.isnare.com/html.php?aid=144175
*********************** ARTICLE START ***********************
Americans have fallen into the debt trap to an extent that our grandparents could never have imagined. We have to have everything, and we have to have it now. As a consequence, many of us are drowning in credit card debt. Here is a possible solution.
The days of low prime rates are over now, and 0 APR credit cards are harder to find. Not impossible, though. Many companies still offer 0 APR credit cards for limited period only so that they can attract new customers. This initial period of up to 12 months can save you buckets of money if you have high interest credit cards.
This is how to you can handle it: First, transfer your balance from your high interest credit card to your new one. This will lower your monthly payments and save you money every month. Second, don�ｿｽt go shopping yet. Rather, take these savings and pay down the balance on your credit card. Now you�ｿｽre paying principal instead of interest. Do this for the entire initial period and you�ｿｽll be surprised at how much you can pay off your balance.
Third, don�ｿｽt use your new credit card to spend more money, because when the higher interest rate becomes applicable you could end up with an even higher balance that you had before. Once the 0 APR period ends, you can take advantage of the extra money provided by lower payments, right? Maybe. Since you�ｿｽve gotten so used to high credit card payments, why not delay your gratification a step further and continue to make payments at the same amount, thereby paying off the debt faster? In this way your new credit card can be used to motivate you to eliminate your long-term credit card debt. Note that your 0 APR credit card should never be used to spend more �ｿｽ only to lower your debt. Once the higher interest rate kicks in, your new line of credit is a useless to you as your old one was.
What debt management offers you is freedom �ｿｽ after all, which would you rather have, peace of mind, or more stuff that you probably don�ｿｽt need anyway?
About The Author: �ｿｽ0 APR Credit Cards�ｿｽ at http://zeroaprcreditcardguide.blogspot.com offers readers information about all types of 0 APR and low APR credit cards. See also http://zeroaprcreditcardguide.blogspot.com/2007/03/climb-to-top-of-mt-debt-free-using-0.html. Please bookmark �ｿｽ0 APR Credit Cards�ｿｽ!
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=144175
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Bob Miles
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=144175
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=144175
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: The Big Secret Of 0 Apr Credit Cards: Debt Reduction
Author: Bob Miles
Word Count: 367
Article URL: http://www.isnare.com/?aid=144175&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=144175
Easy Publish Tool: http://www.isnare.com/html.php?aid=144175
*********************** ARTICLE START ***********************
Americans have fallen into the debt trap to an extent that our grandparents could never have imagined. We have to have everything, and we have to have it now. As a consequence, many of us are drowning in credit card debt. Here is a possible solution.
The days of low prime rates are over now, and 0 APR credit cards are harder to find. Not impossible, though. Many companies still offer 0 APR credit cards for limited period only so that they can attract new customers. This initial period of up to 12 months can save you buckets of money if you have high interest credit cards.
This is how to you can handle it: First, transfer your balance from your high interest credit card to your new one. This will lower your monthly payments and save you money every month. Second, don�ｿｽt go shopping yet. Rather, take these savings and pay down the balance on your credit card. Now you�ｿｽre paying principal instead of interest. Do this for the entire initial period and you�ｿｽll be surprised at how much you can pay off your balance.
Third, don�ｿｽt use your new credit card to spend more money, because when the higher interest rate becomes applicable you could end up with an even higher balance that you had before. Once the 0 APR period ends, you can take advantage of the extra money provided by lower payments, right? Maybe. Since you�ｿｽve gotten so used to high credit card payments, why not delay your gratification a step further and continue to make payments at the same amount, thereby paying off the debt faster? In this way your new credit card can be used to motivate you to eliminate your long-term credit card debt. Note that your 0 APR credit card should never be used to spend more �ｿｽ only to lower your debt. Once the higher interest rate kicks in, your new line of credit is a useless to you as your old one was.
What debt management offers you is freedom �ｿｽ after all, which would you rather have, peace of mind, or more stuff that you probably don�ｿｽt need anyway?
About The Author: �ｿｽ0 APR Credit Cards�ｿｽ at http://zeroaprcreditcardguide.blogspot.com offers readers information about all types of 0 APR and low APR credit cards. See also http://zeroaprcreditcardguide.blogspot.com/2007/03/climb-to-top-of-mt-debt-free-using-0.html. Please bookmark �ｿｽ0 APR Credit Cards�ｿｽ!
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=144175
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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