Dealing with Debt: Expert Tips for Using a Balance Transfer Credit Card
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 22 June 2022
⏱️ 26 minutes
🧾️ Download transcript
Summary
Ever wonder if using a balance transfer credit card could help you get out of debt faster? Laura interviews Mary Gameng, MBA and Credit Card Specialist with Citizens, and answers a listener question.
Here are a few topics Mary and Laura talk about on this week's show:
- How many Americans have credit card debt and how much.
- Steps to create a debt pay-off plan.
- Ways using a balance transfer card can improve your finances.
- How card issuers evaluate you when applying for a transfer card.
- Whether using a transfer card can hurt your credit.
- Shopping tips for finding the best balance transfer card offer.
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Transcript
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| 0:00.0 | Hello friends, and thanks for joining me this week. |
| 0:08.3 | My name is Laura Adams, I'm a personal finance expert and author who's been hosting the |
| 0:12.5 | Money Girl podcast since 2008. |
| 0:15.4 | If you're building a business or you want to earn more income, I hope you'll grab a copy |
| 0:19.6 | of my recent book called Money, Smart, Solo, Pernour, a personal finance system for freelancers, |
| 0:25.4 | entrepreneurs, and side hustlers. |
| 0:27.8 | It was a number one Amazon new release, and it's available everywhere, books are sold |
| 0:32.8 | as a paperback e-book or audiobook. |
| 0:36.1 | If you're enjoying Money Girl, subscribe, submit a rating, and participate by sending me your |
| 0:40.5 | money questions or comments. |
| 0:42.4 | You can leave a message 24-7 on our voicemail line by calling 302-3640308. |
| 0:51.4 | You can email me using my contact page at LauraDatoms.com or connect on Instagram at LauraDatoms. |
| 1:00.9 | My mission for Money Girl is to help you get the knowledge and motivation to prioritize |
| 1:04.7 | your finances, build wealth, and have more security and less stress. |
| 1:09.6 | Today's show was inspired by a listener question. |
| 1:13.0 | It came from Kelly M., who says, I've received several offers for 0% balance transfer credit |
| 1:20.3 | cards, but I'm not sure exactly how they work. |
| 1:23.7 | Can you explain whether I should transfer my debt from a card charging 18.99% interest? |
| 1:31.4 | Well, thanks for your great question, Kelly. |
| 1:34.1 | I've done several podcasts on balance transfer cards, which are fantastic debt management |
| 1:40.1 | tools when used properly. |
| 1:42.3 | If you want to dive a little deeper into the topic, don't miss podcast number 486, called |
... |
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