Comments on: Is it good to keep switching credit cards to pay off debt? http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: Tim http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html/comment-page-1#comment-204552 Tim Mon, 24 Dec 2007 10:28:40 +0000 http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html#comment-204552 under FICO 08, you evidently aren't going to be punished as much for those hard credit pulls that it takes to apply for new credit cards, too. under FICO 08, you evidently aren’t going to be punished as much for those hard credit pulls that it takes to apply for new credit cards, too.

]]> By: Clever Dude http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html/comment-page-1#comment-204270 Clever Dude Sat, 22 Dec 2007 12:40:10 +0000 http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html#comment-204270 I totally agree. This is how I managed my $20,000 credit card debt for 6 years. I didn't put any more debt on the cards unless I could pay it off that month, and I put more towards the existing debt until this year when I truly committed to paying it off. I totally agree. This is how I managed my $20,000 credit card debt for 6 years. I didn’t put any more debt on the cards unless I could pay it off that month, and I put more towards the existing debt until this year when I truly committed to paying it off.

]]> By: Aaron Stroud http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html/comment-page-1#comment-204106 Aaron Stroud Fri, 21 Dec 2007 19:17:19 +0000 http://www.bargaineering.com/articles/is-it-good-to-keep-switching-credit-cards-to-pay-off-debt.html#comment-204106 There is one <strong>key part to making this strategy work</strong> that is missing. You have to execute it perfectly. One slip up on your end (not making a payment on time or not transferring the balance in time) or one mistake on their end (for example, they don't record your payment on time) and you could have a big mess on your hands. Some credit card companies love nailing people with fees and yanking their 0% offers out from under them, so it's important to be very <em>meticulous</em> and <em>commited</em> to eliminating your debts rapidly. There is one key part to making this strategy work that is missing. You have to execute it perfectly.

One slip up on your end (not making a payment on time or not transferring the balance in time) or one mistake on their end (for example, they don’t record your payment on time) and you could have a big mess on your hands.

Some credit card companies love nailing people with fees and yanking their 0% offers out from under them, so it’s important to be very meticulous and commited to eliminating your debts rapidly.

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