Debt Fixers is changing!

Please be advised that as of 3rd October all future correspondence from us will be sent from our parent company Money Debt and Credit Ltd.

This in no way effects your debt management scheme with us and you don’t need to do a thing. We simply like to keep you up to date with our ever-growing organisation.

Debt Fixers is a trading name of Money Debt and Credit Ltd; so don’t worry, you are still dealing with the same helpful staff!

If you have questions, don’t hesitate to get in contact on 0800 7076108

Click here to redirect or you will be automatically redirected to the Money Debt and Credit website in 30 seconds

Balance transfer cards are a 'cheaper way to pay off credit card debt'

Balance transfer cards are a 'cheaper way to pay off credit card debt'

- Friday, 4 June 2010

Using a balance transfer card could be a cheaper way of paying off credit card debt, suggests Moneynet.co.uk.

Andrew Hagger, spokesperson for the financial comparison site, said: "Please don't let the balance transfer fee put you off because it is still a much cheaper way of paying your credit card debt."

He added that the only thing a borrower will incur on one of these cards is a one-off fee, which is usually three per cent of the transfer, but this is cheaper than interest on a credit card.

However, Mr Hagger did warn card owners to only use a balance transfer card to pay off debt and not for anything else. He suggested leaving the card at home so there is not a temptation to use it for making purchases.

According to Moneysupermarket.com, 63 per cent of balance transfer card users have made a purchase on their card and 29 per cent of those who had never intended to in the first place.ADNFCR-2300-ID-19818162-ADNFCR
Latest Debt Management Plan NewsDebt Management Plan News ArchiveContact us to discuss Debt Management PlansEmail this article to a friendSubscribe to our RSS Feed

Recent Debt Management Plan News

56% of Brits have no life insurance which could leave family with debt problems

Wed, 04 May 2011
More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with debt problems when they die...

Brits thinking about retirement advised to seek debt advice

Tue, 03 May 2011
Consumers considering their retirement options have been advised to seek professional advice, as they may end up with debt problems in the future...

Brits planning to attend a wedding should start saving to avoid debt problems

Thu, 28 Apr 2011
Consumers concerned about getting into credit card debt to pay to attend a wedding may want to use their savings instead...

Couples planning their big day can avoid debt problems by negotiating a cheap wedding

Wed, 27 Apr 2011
Couples-to-be worried about needing debt advice in the future after paying for a wedding can ensure they avoid accruing debt problems by negotiating a cheap wedding...