Ask the Dolans: Should I transfer my credit card debt to a 0% intro interest rate?

15 02 2008

Ask the Dolans: Should I transfer my credit card debt to a 0% intro interest rate?

Posted by: in Money General Talk

Filed under: Banks, Budgets, Cards, Debt, Saving, The Dolans

Ken and Daria Dolan, America’s First Family of Personal Finance, answer your questions every Friday.

Ken and Daria,

I’m transferring my credit card debt to cards with a 0% introductory interest rate. There are a few fees involved, but I figure I’m saving more on the interest charges. Is this a smart idea?

Jeff

Great question, Jeff (and you might be surprised at our answer). The credit questions are really pouring in, so be sure to check back as we’ll be answering many more of them in coming weeks. Click on the video below for this week’s answer!

Ken and Daria Dolan offer expert advice on debt management and living credit smart at Dolans.com.

Click here to ask Ken and Daria your question.