Balance transfer....?

Okay, so I have about $3000 in debt, from two credit cards, Discover and WAMU that gave me an introductory rate of 0% until March.

I%26#039;ve been paying the minimum or more, every month, so that I won%26#039;t get penalized for late payments.

I%26#039;ve also got a few credit card offers that offer 0% APR on balance transfers for 12months!

If I were to transfer my balance, what are the disadvantages for doing so?

What about the interest? Those cards that I got were 0% APR introductory rates, but if I were to transfer, would the interest accumulate, when I transfer the balance, OR would it just stay as $3000?

Balance transfer....?payment calculator

You need to find out (1) if there is a minimum amount of time you are not allowed to transfer you balance except with a penalty. Some cards allow the into rate only if you do not transfer the balance for a period of time. Look to your agreement or call up and ask; (2) See if the new card you are transferring to charges a transfer fee - some do charge a minimum fee or a percentage. If the answer to the first question is there is no minimum time or you are past the minimum time, and the answer to the second question is there is no fee - the you are fine and it will be a seamless transfer which extends the 0% APR.

Balance transfer....? loan

The big disadvantage with a balance transfer is that you don%26#039;t address the cause of your financial problems. Unless you commit to getting on a budget and spending less than you earn, you%26#039;ll never succeed financially. Shred the cards and start paying cash for everything.|||0% offers often have a 3% fee for balance transfers. If that is still ok look for a better offer which offers a longer period at 0% because after 0% the interest rate goes up to a bad number 12%+