credit-land.com

February 6, 2009 by
Filed under: Blog Entries, Business, Family, Personal Finance 

gasoline credit cardIn a time when bailouts are going to banks, yet credit is still hard to come by, it’s good to know there’s a place that can show you the money. There’s a website called credit-land.com where you can find some really good deals on cash back cards, introductory rates and balance transfers. I did a post a while back regarding the fact that I paid off all my credit cards and it was a big deal for me. But sadly it was short lived. Over a six month period my car needed some major maintenance, new tires (on both cars) and my wife’s car was due for one of those 100,000+ mile services. In each case the fastest way to get it done was to put it on the card.

This of course drove the balance back up and we were forced to pay 19% a month in interest for something we hadn’t planned for in the budget. I’d been in this situation many times and had gotten some really good low interest, no fee balance transfers from Citibank. But in this crappy economy, no deals at the time were being offered. I tried to get Wells Fargo to lower my rate, but they said “No Deal”. I called some other banks and all turned my offer down. Now I have a good FICO score, so it couldn’t have been that. But after a couple of weeks I found a balance transfer deal that I could live with. It wasn’t like the deals of the past and it took some time and patience to get it.

It sucks to have to rob Peter to pay Paul, but sometimes the situation calls for it. Check out this site when you get a chance because there’s a lot of good information on it. They can help you find any type of credit card you’re looking for, so you don’t have to go through the runaround and waste time like I did. While there, you can get the latest credit cards news, tips on how to improve your credit score and answers to other financial questions like the best way to manage your credit debt. It’s all about being informed because that’s what’s going to help you make better decisions. I wish I had known about this site earlier myself.

Finally, I’d like to say, this is not financial advice. This is just something that worked for me and my family in our current situation. I just couldn’t see paying 19% when I could consolidate to 0% for a year. Be wise about your finances because money doesn’t grow on trees (I sound like my dad) and it takes more time and effort to get out of a bad financial situation than it does to get into one.

 

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Comments

4 Comments on credit-land.com

  1. JEANNIE STEVENS on Thu, 19th Feb 2009 3:33 pm

    2. I have a $35,000 balance on my credit card. The interest rate if 13.99%. I cannot find a credit card company that will allow me to transfer this amount to their card at a lower interest rate.

    I am just stuck?

  2. theo.johnson on Thu, 19th Feb 2009 10:53 pm

    3. Considering the high balance, I’m sure it will be hard. The banks are still pretty tight with the money, so it will may take some time.

  3. Jody on Sat, 21st Feb 2009 10:56 am

    4. Hello Jeannie

    You should really consider debt consolidation. I do not recommend for you to transfer your balance to another credit card as this just pauses the problem, and doesn’t really fix it.

    Jody Fitzpatrick
    CreditProvided.com

  4. theo.johnson on Mon, 23rd Feb 2009 12:29 am

    5. Jody, thanks for the advice. I see commercials about debt consolidation all the time, but I’ve never been to one. The thing with balance transfers is the low rate is usually a couple of months. 35K is a lot to pay off in a couple of months.

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