Martin Lewis MSE issues urgent warning to anyone with credit card debt
Below we explain how a balance transfer credit card works and how to find the best deal, as well as the risks you could encounter.If you have credit or store card debts that are gaining interest you can move theThat means you can focus on repaying the debt, rather than the amount added in interest, and it can help you get back in the black faster.How to transfer your debts on a 0% card
To make an application, you will need to provide your name, address and email address as well as details of your income so a provider can assess your eligibility. Your old balance will then be cleared and you can start making interest-free repayments on your new card.which involves repaying the smallest first.MSE said you should always use an eligibility calculator before applying, that's because every credit card application leaves a mark on your credit file and can affect your credit score.
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