It is an unfortunate reality for many people. The recession that we all have faced over the past few years has forced many people into overwhelming, high interest rate charge card account debt. Wanting nothing more than relief from their debts, many Americans choose to use a debt consolidation or debt settlement program to reduce interest and payments. However, not wanting to work with third parties or cause adverse affects to credit scores, many Americans feel as though their debts are something they just have to deal with. But, what if I told you that many Americans will qualify for lower APRs even without the help of third party debt relief companies?

Well, it’s true! Many consumers although in unfortunate situations have done everything possible and successfully made their payments on time. Now that their finances are getting better many of these consumers are starting to send more than the minimum payment. This means, although these people are in debt, chances are, they still have good credit scores. With that said, these consumers may qualify for a quite unique form of debt relief.

Balance transfer credit card accounts may just be the relief that these Americans are looking for. Balance transfer charge card accounts are the result of the incredible amount of competition in the credit card industry. Looking for ways to catch the attention of consumers, lenders hit the drawing board. Knowing that many Americans are unhappy with the annual percentage rate that they are paying on their credit card accounts or are simply unhappy with their bank, balance transfer credit card accounts were created as a way to make charge card account offers appeal to these consumers.

Balance transfer credit card accounts allow people to transfer balance from a high interest rate charge card or an undesirable bank to a new lower interest rate charge card with a desirable bank. In most cases, these charge card account offers come with extremely low, often zero percent promotional interest rates that will last anywhere from 6 to 18 months. This time without interest is sure to help many Americans to put a dent in their debts.

Using balance transfer credit card accounts to relieve credit card debt is a fairly simple process. Here are the steps that you should follow:

Step 1: Compare Balance Transfer Credit Card Offers: The first thing that people should do when using balance transfer credit card accounts to relieve charge card debt is compare the different offers that are available to them. Because the internet often shows outdated offers, I suggest going to JEMCreditCards.com to compare. JEMCreditCards.com updates their credit card offers on a daily basis to ensure that you get exactly what you apply for.

Step 2: Get Prepared For the Balance Transfer: The next thing that Americans should do when using balance transfer charge cards to relieve credit card account debt is get prepared for the balance transfer. This process is simple. All people will need to do is make a list of the debts that they would like to transfer. This list should include the lender, account number, APR, payment address and balance for each credit card account.

Step 3: Apply For The Balance Transfer Credit Card Of Your Choice: Once Americans make a list of the balances that they would like to transfer, it is time to apply for the balance transfer charge card account offer that they feel would help them the most. If there is an option to process the balance transfer of the application, Americans should use this option and they are done. If not, move on to step 4.

Step 4: Processing Balance Transfers: Finally, Americans will need to process their balance transfers. When Americans get their new balance transfer charge card in the mail, they should call the bank using the 800 customer service phone number on the back of the card. Once speaking with a live representative, Americans should simply ask for the balance transfers to be processed. And…Walla, you are done!

This processed has saved many people thousands of dollars, I wish all the best luck to you! Hope that you come back to read more of my articles!

This article is brought to you by:
JEMCreditCards.com: Skymiles Credit Cards | What Is The Best Credit Card


Sponsored Links

About Author

Author:

This author has published 28 articles so far. More info about the author is coming soon.