September 14, 2007, Newsletter Issue #81: Balance transfer checks

Tip of the Week

Use checks issued by your balance transfer credit card to pay off debts that are not easily consolidated with a standard balance transfer. These checks can be used for car loan payments, private retailer credit card payments, or any place you need to pay money that you want consolidated onto your low interest credit card account. It's important to remember that these checks are not free money. They do have balance transfer fees associated with them and the purchases you make with them will show up on your low interest credit card statement.

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