Sentences with phrase «debt during this promotional period»

If you don't think you can pay off your debt during the promotional period, getting a low interest rate personal loan can still save you lots of money when paying down credit card debt.

Assuming that you aggressively pay off the credit card debt and do not get into any new credit card debt during this promotional period then the balance transfer option can potentially save you a lot of money.

So if you don't pay off the debt during the promotional period, you may end up with almost the same amount of debt at the same rate that you had before transferring your balance over.

Not exact matches

Additionally, credit card balance transfers only make sense if you can pay off all or most of the debt during the promotional rate period.

The latter rate is not fantastic; meaning it's important to pay off as much of your debt as you can during your promotional period.

Debt consolidation may be done in two basic ways: the debtor may walk down the avenue for a credit card that has 0 % interest or a balance - transfer to which all your debts may be transferred and the balance paid in full during the pre-determined promotional period.

These cards typically offer 0 % APR for anywhere from six to 21 months, making it easier for cardholders to pay off debt — since every dollar they pay goes toward the principal of the balance during that promotional period.