Playing Credit Card Balance Transfer Game

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Smart cardholders are actively using the practice known as "debt snowball" but it is rather a complicated thing and requires great control. In a balance transfer trick we suggest you only need to find a person with good credit rating who'll agree to take responsibility of your card debt. This might be your spouse, your relative or close friend.

Ideally, that person should be able to apply and qualify for a low or 0% balance transfer card, with no transfer fee and high limit. Also, this credit card would no be supposed to be used for purchases to avoid accumulating unnecessary interest charges.

Actually, there are not many people ready to take on such risk. Some would advise you go and find a second job and start paying more than the minimum on your balances.

So, if there is a person willing to help you out, you're a lucky one. On our website you can find a wide spectrum of attractive 0% APR balance transfers offers and apply for a most appropriate card online. But you should realize such an application gives a signal to both the card companies that your credit is bad and finances are shaky.

You also put at risk your relationship with the other person which might be caused by defaulting on the agreement between you. Suppose you are late or even miss a payment. It will damage the cardholder's creditworthiness and bring down the credit scores.

As an alternative, you can ask a willing friend to make one or two cash advances to be used for paying off your balances. Do give the acknowledgment for the money received to prove your responsibility and intention to return it as soon as possible. Whether you transfer balances or use cash withdrawals on your friend's credit card, you get the opportunity to eliminate debt and restore good credit.

Back to the "debt snowball" practice, it would play well for people, preferably spouses, who'd like to lower interest rates and increase the scores through a balance transfer. This is done through moving balances from a better credit card onto a worse one and then back, which in the long run improves both the cardholders' credit rating and reduces debts.

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