In Too Deep
I just got my credit card statement this morning and was shocked to see that my balance was well over $1,000. I mean, I knew that I spent a lot of money last month, but I guess I didn’t realize just how much it was. I reviewed all the charges, and everything is indeed accurate, so that means I’m on the hook for a ton of cash.
Since there’s no way I’m going to be able to pay off the whole thing by the due date, I’m going to get stuck with a huge finance charge. I absolutely hate paying credit card interest! It’s so high and feels like such a waste, ya know?
What I might end up doing instead is taking advantage of a 0% balance transfer. That would allow me to pay off my debt slowly without worrying about interest rates at all — as long as I get everything paid off in a reasonable amount of time, that is.
I usually don’t get into financial binds like this anymore, so I figure one balance transfer won’t hurt. Let’s see if these offers are as good as they sound!