@amelia06    Amelia,   The short answer is no, a balance transfer is not the best way to pay off credit card debt. All you're doing is chasing your tail by not addressing the underlying issue of why you got into debt in the first place.   The better answer is cut up the credit card(s) you are using to create the debt, and to pay off the debt as fast as you can. Throw all available money at the smallest debt first, while paying minimums on the other debt. As you pay off each debt, add that amount to the next debt. This gives you the snowball effect.   If you'd like to see how powerful this can be go to Kristine's calendar and schedule a phone appointment and we'll go from there.   Good luck! Kristine Advocate Financial Coaching  ... View more

@Jules98903    Hi Jules - I hear this a lot from clients that are scared to take the next step after cutting up their credit card(s), and closing their accounts.   Your credit score represents your ability to take on debt and pay it off. That's all. Unfortunately, many of us have fallen prey to the belief that you MUST. HAVE. A. CREDIT SCORE.  I am here to tell you, that is false.  You can save your money and pay cash for the stuff you want to buy, including a car. And for some, even a house. Yes, I have seen and heard some people bust their butts and save save save like mad, and pay over $100,000 for their house   Others will argue you need a credit score to get a mortgage.  That's because so few lenders offer manual underwriting, where they look at the whole of you, not just your credit score. It's more work for them. Easy? Nope. It takes more effort, but it is possible.   .   Simplistic thinking? Maybe. But I live and work in the real world as do my clients, without worrying about a credit score. When you pay cash, you don't need a score. When you pay cash, you have bargaining power.  If you'd like to get help with this, go to Kristine's calendar and schedule a phone appointment and we'll go from there.    Good luck, Kristine Advocate Financial Coaching  ... View more

@subhkrt108    Your statement does not make sense.  If you are in debt, why would you want to take on more debt?  Instead, why don't you try paying cash?  There is a lot of freedom in paying cash.  If you'd like help, I can show you how.  Go here to Kristine's calendar and schedule a 15 minute phone conversation and we will go from there.   Good luck and hope to hear from you. ... View more

@brianorwhatever    Order your annual credit report from Annual Credit Report. This is free once a year. You will be able to identify the debt more accurately with a name and address of the company reporting it.   Good luck, Kristine ... View more

I was in debt. Now I'm not. Was it easy to get out of debt? No. Was it worth it? Absolutely! Hard work, perseverance and being intentional with your choices and money is how it happens. We paid off our mortgage in October 2018. Check it out here.   If you're reading this, you can do it too. Shameless self promotion here, but I can show you how.  ... View more