Thursday, November 27, 2008

Switching credit cards to avoid interest

As the credit crunch seems to worsen day by day, all one can do is to focus more on one's own finances and see how and where one can cut down any losses. As anyone with credit card knows, it's not the things one buys that are expensive per se, but it is the interest and late payments that really get you. A lot of people are thinking of switching their entire balance to a new credit card where there might be a few months interest free or some other promotion. The popularity of balance transfers credit cards is only going to rise in the coming year, it seems, as people try to juggle their debts from one place to another to minimize interest and finance charges.

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