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If you move your debts to a card charging zero interest, all your repayments will go towards paying off the capital rather than interest.
If, however, you think you can pay off your debt over a shorter period of time, there are cards offering shorter interest-free periods which charge no balance transfer fee, provided you move your debts across during the introductory interest-free period.
Move your debts around.
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Opting for a balance transfer allows you to move your debt to another card; many card providers even let you pay off your balance interest free for a set period, typically one year to 18 months.
The really bad part is, moving your debt around can give a false sense of relief.
Putting as little as an extra $10 to $20 a month toward debt payments could move your break-even point closer.
NextCards nxcd online credit-card business is ahead of estimates, thanks primarily to its ability to convince credit-card holders who carry balances with other credit-card issuers to move those debts to a NextCard account.
This won't pay down your debt; it'll just move the debt around.
The discussion focused on how poor, deeply indebted nations could move beyond debt relief.
It could tighten the rules on partnerships so companies had less room to move debt off their balance sheets.
Lone objector halts move to curb debt shark activity in world's poorest countries.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com