It feels like every day we get another letter in the mail offering us the opportunity to get a new credit card. Most of them come with some kind of deal, which is usually 0% for six months if you balance transfer from your current credit cards. Some people give thought to using the process of transferring debt as a way to get out of credit card trouble. Can it work? Let’s talk about it.

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Any time your debt is at a low interest rate, it’s a good thing. Even when we talked about interest rates not always being the best option, when it comes to outstanding debt it’s always the best option… if you’re already in that position.
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