Savvy Spender
Live Well For Less

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    24% Interest!

    Tuesday, October 25, 2005
    I just met someone who said one of her credit cards is charging her 24% interest!!! I explained to her that she really needed to either pay that off before paying off anything else, or she has to transfer the balance to a lower interest card. If she took advantage of a 0% card like you can get through the Discover link, she could save over $2000.00 if she owes over $10,000! (You sometimes pay a balance transfer fee for each card you pay off, but the highest fee I have ever seen is $75.00 - and it is worth it to pay $75.00 instead of $2000.00!) Even if you have a Discover Card, they will often times give you another type of Discover Card offering 0%. Then you can payoff the 24% card and be well on your way to being debt free! Live well for less!