0 Balance Transfer Credit Cards Please Use Sensibly
April 30th, 2006You can get into big trouble if you don’t use 0 balance transfer credit cards in a sensible fashion.
You must make sure that you only ever borrow what you can afford to pay back - whatever interest rate you’re being offered.
There’s always going to be the temptation to rack up big debts just because you’ll be paying 0% interest. Just remember, if you borrow so much that you can’t possibly pay it back within the interest-free period then you’re going to be left with a debt and a potentially large interest bill after it.
Read an excellent article here that’ll show you how to borrow sensibly: 0 balance transfer credit cards.
