Credit Card Balance Transfers — Are They Worth It?
Credit card balance transfers can be worthwhile if managed carefully and if they align with your financial goals. They can provide significant savings and help you pay down debt more effectively, but it’s essential to weigh the pros and cons, assess your ability to pay off the balance within the promotional period, and consider any fees involved. Always make informed decisions based on your financial situation.
Addressing errors on your credit report promptly can help maintain or improve your credit score and ensure that your credit history accurately reflects your financial behavior.
If you suspect you’ve encountered a credit repair scam, you should report it to the Federal Trade Commission (FTC) and your state’s attorney general. Always consider consulting a trusted financial advisor for legitimate credit repair assistance.