The eBook "Credit Secrets" is a download. Run the program on your computer     DOWNLOAD

CREDIT CARD INTEREST SAVING AND DELAYED PAYMENT SYSTEM 
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NOTE:  This system is meant to save you money, not increase your debt.  It is for managing and reducing your debt without your dollars going to interest and pennies going to principal. 

 HOW THIS SYSTEM WORKS 

1.   You need several credit cards that allow you to transfer balances. These balance transfers are either interest free or at a low rate for a given period of time. 

2.   When you receive your new card you applied for, transfer your balance to it.  You will then have approximately a 45 day to one year interest free period.  When you do transfer your balance to another card, try to time it so that the transfer takes place on or just after the new card’s statement date.  You will have longer to pay because you have just missed their present statement going out, and will now be able to wait another month before you get another statement.  And you still get two to three weeks from when you receive the statement to make a payment and/or transfer it again. 

3.   In Short, keep transferring your balances. Get some fresh cards so that you can put entire balances onto one card making it easier to keep track. For example card A. has a balance of zero. Transfer the entire balance from card B and C to card A if you can. A month or two later transfer the entire amount to card B and a month or two later to card D.

The Greed Factor: Your credit card companies will notice that you are paying your cards off. The fact you transfer balances to bring their card to zero drives them nuts. All they care about is that you have a card almost maxed out so that they can gouge you. They will offer you fantastic transfer options in the hope that you will transfer a large balance to them and then not be able to pay it off. Then the high interest, never pay down the principle starts. That is the Gold they are looking for. If you know the game and play it, you will beat them at their own game because of their own greed.

4.   Repeat the above until you have enough cards. 

Remember: You want only cards that have no annual fee. Get rid of all cards that carry a annual fee and get good ones like on the card application page.

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The Internet is a fantastic place. Credit card companies have made it possible for you to access your credit account
on-line. There you can transfer balances from one card to another. All cards have a minimum of a 20 day grace period, some have as much as 45 days. In that period you can transfer balances (even without the low or 0% balance transfer options) and be interest free as long as you remember to transfer that balance to another card before the end of the grace period.

Since there are as many types of cards and plans as Carter has liver pills it is impossible for me to do your work for you. You will have to study every one of your cards plans and make a balance transfer strategy. This is best done ON-LINE but you can do it the old fashioned mail way as well.

If you do it on line, make a folder in your Favorites section and call it CREDIT CARDS. Place all your links to the card company there. This way you can go from card to card and transfer balances as needed.

Note:  Some companies will let you transfer as many times as you like.   Some will allow you to transfer a certain number of times during the year.  Some will let you transfer once from each company.  Just phone them and ask them. 

Some credit card issuers, as an inducement to switch to their company, will invite you to transfer your credit card balance from a high-cost credit card to one that offers a relatively low, six-month "introductory" rate.  In some cases, the interest rate after that still may be lower than what the other card charged.

When you do transfer your balance to another card, try to time it so that the transfer takes place on or just after the new card’s statement date.  You will have longer to pay because you have just missed their present statement going out, and will now be able to wait another month before you get another statement.  And you still get two to three weeks from when you  receive the statement to make a payment and/or transfer it again.

REMEMBER: You can always call the Bank and ask for help in Balance transfer. Be certain to ask for the interest rates on transfers and the duration of these rates.

I know it takes a bit of effort to get started. Once you get it going you will find that you are paying virtualy no interest to the credit card companies.

Beware of the "Easy Card": 

No credit?  Limited Credit?  Bad credit?  Bankruptcy?  These companies usually give you a 900 number to apply.  Secured credit requires security deposit, application, and processing fees.  Additionally, the call itself will be charged to you whether you accept the terms of the credit or not, and the fee can run anywhere from $2 to $50 or more!  Worst of all, any balances you transfer are not interest free. They charge you like crazy even though it is your own money on deposit securing the card. If you have any cards like this -CANCEL THEM.

Paying Off Your Balance 

I would suggest that you pay off some of your balance now and again.  It is always best, but not always possible to pay off monthly balances.  Pay as much as you can of your balance within the interest free period and transfer the remainder to another credit card. 

Most important don't be late!  Banks charge anywhere from $20-$30 for a late fee, and a late fee might mean one minute past the due date.  In addition, if you are late twice in six months you could incur a penalty rate of 20 percent or more, and it isn't likely you'll be notified in bold print that your rate has changed. The term "fixed" does not necessarily mean your rate won't change. 

Because you pay no interest, you will have the advantage of paying off your balance quicker!  One of the best investments you can make is to pay off your debts.  

Also, altering the amount rather than continually transferring the same amount to the same companies might be a good idea. 

Always monitor your account closely.  Many users make the payments without doing so, and could be paying unnecessary charges.  If you find discrepancies, check them out.  If you find that your interest rate has changed, find out why!  A mistake on a credit report, billing error, or inaccuracy on the date of payment unnoticed effect the rate of all your future purchases.  Cases of people who sent payments in over a week before they were due, yet not credited for until after are common. 

Good Luck, I wish you success!

The eBook "Credit Secrets" is a download. Run the program on your computer     DOWNLOAD