If you are trying to get rid of your high interest credit card debt, you can:

(1)Shop around for a low interest balance tranfer credit card promotion (the type that gives you low interest rate for the life of the loan, i.e. 2.99% - 3.99%)

(2)Enroll in a debt consolidation program: the one that I've heard quite often is called "American Consumer Credit Counseling", a non-profit organization that helps the consumers get out debts and rebuild their lives. URL: http://www.consumercredit.com/

[此贴子已经被作者于2006-7-23 10:58:15编辑过]

以下是引用josiechina在2006-7-23 10:38:00的发言：
yes, it is high rate credit card debt.

Several credit card companies offer really good balance transfer promotions, such as Citi Dividend, AT&T Universal (also a Citi Card), MBNA, etc. The catch is that you can not transfer balances between the same bank, which means that you are not allowed to transfer from AT&T Universal to Citi Dividend, or Bank of America to MBNA (if I remember correctly, these two banks have merged).  

The balance transfer promotions that you need to be looking for are the ones that offer the consistent rate through out the life of the loan (i.e. 2.99% until the balance is paid off), assuming that you may not be able to pay off the entire high APR balances before the balance transfer promotional rate runs out. The ones only offer you good rate (i.e. 0% APR or a year) may not help you much at all, unless you can pay off the entire balance before the offer expires. Otherwise, the high interest rate will kick in after the promotional period.  

Some credit card companies charge a transaction fee for balance transfer, 3%-4% of transfer balance up to a certain $ amount; some credit card companies waive the transaction fees all together. When shop around for a promotion, keep that in mind too, take into consideration of the transaction fees when comparing the balance transfer deals. 

Also, be aware of one common mistake that many consumers may make --- when you do obtain a credit card that offers good rate on balance transfer, use this card for balance transfer only, and do not put purchases on the card. If you put purchases on the same card, your monthly payments will be applied to lower interest rate balance first (i.e. your 2.99% APR BT), then your high rate purchases. Until your lower rate balances are paid in full, you will be charged high interest on the purchases. 

Hope it helps!

[此贴子已经被作者于2006-7-23 11:20:13编辑过]