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We all, over the course of our lives, sometimes rely on credit to get by. Whether it is for a mortgage on our home, a loan for a car, or a payday loan to get by until next Friday, there's little we can do to escape the effect of a debtors society. But the way you handle your debt is something you can have a say in, and indeed the way you do so could mean you save – or spend – thousands of dollars a year.

Let's imagine you have a few credit cards on the go. One of them, the card you had since you were in college, has a few grand racked up on it, and because you missed a few payments way back when, the interest rate is at 19%. Ouch.

But most of us never look at the interest rate we're paying, because, quite frankly, we don't give it a second thought. MasterCard says we owe them $184 this month, so we pay $184.

But it doesn't have to be that way. Many credit card companies will give you a card, albeit with high interest after a period of time, that for the first 6 months to a year comes with 0% interest on all credit card transfers. What this means is, if you use your new card to pay a big chunk of your old card, you pay no interest on the new card for a set period of time.

Now, of course once that time is up, they'll put you right back on the expensive interest rate, but for a short time, the money you pay on your credit card is ALL-principal.

Credit card companies don't like you doing this too much – in fact, they'll put it on your credit card report if you do it more than a couple of times – but if you're looking to get out of a short term financial logjam, look for those introductory offers and use a new card to pay off your old card.

Oh, and when you do – shut the old card down!

About the Author
For a Free 7 Part Guide to Debt Consolidation Help please visit http://www.homehammer.com/debt-consolidation.php. Also read over 3000 Home Improvement Article and Advertise your Home Improvement Business for Free. Find your Debt Consolidation Solution.

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<b>Clearing debts by getting more credit cards – it works!</b><br> by Kris Koonar<br> <br> We all, over the course of our lives, sometimes rely on credit to get by. Whether it is for a mortgage on our home, a loan for a car, or a payday loan to get by until next Friday, there's little we can do to escape the effect of a debtors society. But the way you handle your debt is something you can have a say in, and indeed the way you do so could mean you save – or spend – thousands of dollars a year.<br> <br> Let's imagine you have a few credit cards on the go. One of them, the card you had since you were in college, has a few grand racked up on it, and because you missed a few payments way back when, the interest rate is at 19%. Ouch.<br> <br> But most of us never look at the interest rate we're paying, because, quite frankly, we don't give it a second thought. MasterCard says we owe them $184 this month, so we pay $184.<br> <br> But it doesn't have to be that way. Many credit card companies will give you a card, albeit with high interest after a period of time, that for the first 6 months to a year comes with 0% interest on all credit card transfers. What this means is, if you use your new card to pay a big chunk of your old card, you pay no interest on the new card for a set period of time.<br> <br> Now, of course once that time is up, they'll put you right back on the expensive interest rate, but for a short time, the money you pay on your credit card is ALL-principal.<br> <br> Credit card companies don't like you doing this too much – in fact, they'll put it on your credit card report if you do it more than a couple of times – but if you're looking to get out of a short term financial logjam, look for those introductory offers and use a new card to pay off your old card.<br> <br> Oh, and when you do – shut the old card down!<br> <br> <b>About the Author</b><br> For a Free 7 Part Guide to Debt Consolidation Help please visit <a href="http://www.homehammer.com/debt-consolidation.php" target="_blank">http://www.homehammer.com/debt-consolidation.php</a>. Also read over 3000 Home Improvement Article and Advertise your Home Improvement Business for Free. Find your <a href="http://www.homehammer.com/debt-consolidation.php" target="_blank">Debt Consolidation Solution</a>.<br><br><font size="1" face="arial">Get <A HREF="http://www.freearticlehq.com/">Free Articles</a> for your web site, newsletter, or ezine at the <A HREF="http://www.freearticlehq.com/">Free Article Headquarters</A></font>.