Will the credit card company charge interest on the balance transfer?
Fri, 08/30/2013 16:36
I have transferred the outstanding balance from my high interest credit card to a 0 percent interest balance transfer card. I have been making payments on the card for several months now. My intention is to pay off the balance within the introductory period. However, I have made a major mistake. I have purchased an appliance with the card. I want to pay off the balance before the credit card company charges any interest rate. Will the company charge an interest rate on the balance transfer or just on the appliance?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
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The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.