If you find yourself deep in debt, and you are currently paying a high interest rate, it is worth considering a balance transfer offer to a product with a lower interest rate.
Some credit cards even offer promotional balance transfer offers at 0% interest for a number of months.
Moving your balances to a card with a lower interest rate (or a o% rate) means much more of your payment will go towards reducing your principal debt balance. Be sure to close your old account after transferring away a balance, else you may wind up with two debts you can no longer afford!
Balance Transfer Offers for Debt Reckoning Readers
|Card||APR||Duration||Transfer Fee||Annual Fee||Apply Here|
|Discover It||0%||14 months||3%||$0||Discover It Card|
|Wells Fargo Platinum Visa® Card||0%||18 months||3%||$0||Wells Fargo Platinum|