Sorted.org.nz - Managing Debt

[justinack]

lol 23.6 percent for hp lol you haven't looked at Ge Money then 26.5% via their credit line card which has over 2500 retailers signed up to.

[avidalocan]

The only effective way to deal with credit card debt is to negotiate lifetime balance transfers (or several years) at sub 6 or 7% rates, for as high a possible volume of transfer.

$10,000 in this kind of debt is debt that

A) Doesn't grow fast

B) Doesn't expire its plan and have its interest rate triple or more overnight

c) Isn't at such a high interest rate that it wouldn't be offset by $10,000 in the bank earning monthly paid interest

D) Isn't increasable, because you don't use the card