Your friends: Interest-free credit card

There is another way to approach your debt. Interest-free credit cards. There are a few credit cards on the market that offer introductory period during which no interest is charged. If you decide to use this route, be careful. It requires some planning. It also takes time to develop, so if you want to try, 1 strongly suggest you set up your monthly payment on your level of debt as described above and try this plan. You do not know how many credit cards you will be approved or how much credit limit you will be given, or how long your balances will be eligible for the offer, without interest. Credit cards are not replacing your debt repayment above. They are a tool to help you with it.

First send all application forms, you can get your hands on. Many will come through your mailbox, and you can search other offers for the use of the Internet. You can even ask for cards of the same on the Internet. Then you must open a savings account at your bank.

With each credit card you receive, enter your credit limit and the date on which interest begins to accrue on the map - and reduce your card. These maps do not give you more pocket money, but to be used as an aid to repay your debts.
Then you can work out how you can use non-interest spending that has just become available to you to pay your debts. Different credit card companies have different limitations on how you transfer your account balance in May, but you should be able to transfer money to another credit card to a bank account or directly to an account ready. May you use your imagination to transfer the money to where you want. For example, Barclaycard will allow you to transfer money to another credit card, but not directly to a bank or loan account. In this situation, the transfer of money to a credit card that you know you can transfer money directly into a bank or loan account (an example of such a map is the map of the egg ). Credit card companies often subject, if you use their card to hold the money (and so should you, because these cards do not pay you interest when in credit, unlike a bank), so if you exercise on top to ensure that, as you head Barclaycard to pay on your Egg Card, you direct the eggs to make a payment equal to your account loan. Keep track of these accounts to ensure that the money arrives. You can follow via the Internet or by telephone, it is easier for you. Use all your cards no interest in this way to pay as many debts as possible. Be sure to file a written proof of each of these loan providers to show when you have repaid the debts.

Make sure that each month you send an entire amount of your monthly disposable income in your savings account to ensure that when the interest-free period is nearing its end, you have enough money in the account to allow you to repay the credit card debt in time for each card provider starts to charge you interest. To determine the amount you owe, see the last month before the date on which interest begins to accrue. If you do not have enough money in your savings account to repay the credit card in full by that date, you ask again in May for another credit card with an initial interest-free period and the use to pay the first card. Ensure newcomer through map in sufficient time to allow you to transfer an amount payable in your first card before the date on which interest begins to accrue.

With each, interest free credit card you will be asked to pay a minimum amount each month. Be sure to pay these amounts. Open a file to keep track of these payments and balances on each of your interest free credit cards.
Using interest-free credit cards, it is not easy. It may take time and effort to keep track of everything. However, this time and will save you the effort of paying interest on your loan each month, which will help you pay your debts sooner.
Even if you are debt free, you can continue to take interest-free credit cards and transfer balances in a savings account to make money through the interest, you may also transfer the money in an offset account where your balance be deducted from your loan and save you interest on mortgages.