http://www.gatherlittlebylittle.com/2009/01/balance-transfer/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Sat, 21 Nov 2009 03:27:42 -0400 hourly 1 http://www.gatherlittlebylittle.com/2009/01/balance-transfer/comment-page-1/#comment-8885 Loan | Rates | Mortgage Mon, 09 Feb 2009 15:26:49 +0000 http://www.gatherlittlebylittle.com/?p=1321#comment-8885 [...] Should I do a balance transfer? at Gather Little By Little [...] [...] Should I do a balance transfer? at Gather Little By Little [...]

]]> http://www.gatherlittlebylittle.com/2009/01/balance-transfer/comment-page-1/#comment-8884 Low Interest Rate Credit Cards - How? Fri, 30 Jan 2009 08:24:52 +0000 http://www.gatherlittlebylittle.com/?p=1321#comment-8884 [...] Should I do a balance transfer? [...] [...] Should I do a balance transfer? [...]

]]> http://www.gatherlittlebylittle.com/2009/01/balance-transfer/comment-page-1/#comment-8883 glblguy Thu, 29 Jan 2009 23:15:54 +0000 http://www.gatherlittlebylittle.com/?p=1321#comment-8883 Ah, very true. excellent point. I keep forgetting almost all of these cards now have the transfer fees. Ah, very true. excellent point. I keep forgetting almost all of these cards now have the transfer fees.

]]> http://www.gatherlittlebylittle.com/2009/01/balance-transfer/comment-page-1/#comment-8882 MITBeta @ Don't Feed the Alligators Thu, 29 Jan 2009 17:36:52 +0000 http://www.gatherlittlebylittle.com/?p=1321#comment-8882 Nobody mentioned the balance transfer fee that will inevitably impact this transaction. Whether this is worth it or not, then, depends on whether Christina will pay less in interest by paying 2.99% and 20.99% on <i>portions</i> of the total balance which will be paid off within the year, or 3% on the total balance. It may still make sense to do the transfer, but she has to factor in the transaction costs. A simple spreadsheet can be put together to give a good answer. Nobody mentioned the balance transfer fee that will inevitably impact this transaction. Whether this is worth it or not, then, depends on whether Christina will pay less in interest by paying 2.99% and 20.99% on portions of the total balance which will be paid off within the year, or 3% on the total balance. It may still make sense to do the transfer, but she has to factor in the transaction costs. A simple spreadsheet can be put together to give a good answer.

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