Balance transfers

You can transfer all your accumulated debts to a credit card having very low or zero apr credit card. It is a type of consolidation method adopted by many now-a-days. But in these case you should keep in mind that this low rate of interest will again jump back to high interest rate once the 0% or low rate period (generally range between 6 to 15 months) is over.

Hence, beware of this fact before opting for balance transfer as one of the method of debt consolidation.

Another thing to add on ~ if you're late at all in paying the new CC that you consolidated everything to ~ you're low or 0% interest rate will jump way up to their default interest rate...also be aware of any fees that may put you over your credit limit. Once that happens ~ the debt you just tried to fix became bigger!

Thanks for the quick response but I may need to reword my question differently. I have balance transfers with BOA and I would like to enter in a debt settlement program with. Are balance transfer debts different than a normal credit card charge debts? Am I still eligible?

Unless you have made at least 3-6 payments or more on that account after doing the balance transfer you run a much higher risk of a lawsuit in a settlement program. Plus it will likely settle at around 60-80 % of balance compared to the typical 40 % settlements .