If you are struggling with paying off your debt, you should at least consider applying for a 0% balance transfer credit card. Doing so could end up saving you hundreds or even thousands of pounds. These cards have helped countless people in the UK get out from under their debt faster than they otherwise would have. We will thoroughly review these credit cards in this article, providing you with all of the information you need to make the right decision.
The Basics of Credit Card Balance Transfers
Once you have gotten your application for a 0% balance transfer card approved, all of your debt will be paid off by your new card provider. After the debt has been officially taken care of, you will be able to close your previous account if you so choose. If you decide to close the old account, you will be required to pay a small fee of three to six percent of the total amount that has been transferred.