If you transfer debt to a 0% credit card and don't pay it off?

Can you then transfer it again to another lower interest card?

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

Yes you can transfer it again to another card once the time period is up. I did this to pay off a card. Took me a year and a half with 3 different credit cards. When the time period was close to being up on one I would transfer it to another.

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

There are no 0% credit cards...at least not forever. Even then, what could be lower than 0%?

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

Yes you can transfer it forever but eventually you have to pay it off!

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

Yes, I do this when my apr is about to go up. Call the other credit card company with the lower apr(which can%26#039;t get any lower than 0%) and look for one with No transaction fee. I imagine you want to do this because its about to go up right? Anyway, you have to prepare about a 1 1/2 months in advance because sometimes it takes up to 14 days to go through. They will only do it if youhave good credit also.Payments on time etc. I%26#039;m having to shuffle my payments like this all the time.But it beats high interest rates.

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

You can transfer balances at any time. Just make sure that the transfer costs you less than the rate you are paying. IE- at 0% but a 4% tranhsfer fee on $1000 is still $40. Vs a 4.9% rate for life of tranfer for no tranfer fee is $49 the first year (assuming you paid nothing on this amount for the whole year). if you transfer often, you could pay more in transfer fees than you would have in the interest.

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

Yes you can, if you qualify for another 0% card. If you do this too many times, though, it can make your credit look bad. You don%26#039;t want to have tons of credit cards with low credit lines and short histories. Be careful that you aren%26#039;t paying an annual fee on these cards. Also, those 0% interest rates usually jump up to 20% or 30% suddenly after a certain amount of time, so watch for that.

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

Why don%26#039;t you try it to see what happens?

Even if you cannot transfer your debt to another card you will save a lot of money for a few months. (Perhaps enough to actually pay your entire debt)

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

You can, but it%26#039;s not a good idea to keep transferring debt around to avoid paying it off. These low interest rates usually have a time limit and then they go up. Every time you apply for new credit, it has a negative impact on your credit rating, especially if you apply multiple times over a short period of time. Just find the lowest interest rate you can find and pay the thing off.

If you transfer debt to a 0% credit card and don%26#039;t pay it off?

Yes...it can work but the credit card companies see it happening too so don%26#039;t think it will go on forever.

What you do is take advantage of the 0% on your NEWEST credit card. Transfer your balances to it. Keep your oldest card. Then begin paying on the 0% card...about 2 months before it%26#039;s up take one of the offers you get in the mail for a 0% transfer and transfer your assets over to it (as others said be mindful of transfer fees) Then cancel the card that you just tranferred from. continue to do this until debt is paid off.

So long as your old card is still open and you make occasional purchases on it (pay off each month) then your credit won%26#039;t get dinged too badly. The opening of new cards hurts but it%26#039;s damage is minmized because you%26#039;ve got old cards too! If credit was dinged badly because of new cards being issued then these guys wouldn%26#039;t be sending out so many requests in the mail.