http://www.richcreditdebtloan.com/the-truth-about-credit-cards-and-debt-pt-1/ Wealth, Leverage, Money, and Cash Flow Mon, 22 Feb 2010 03:59:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.richcreditdebtloan.com/the-truth-about-credit-cards-and-debt-pt-1/comment-page-1/#comment-2398 Dan Fri, 09 Oct 2009 15:53:56 +0000 http://www.richcreditdebtloan.com/?p=674#comment-2398 Also, there are those of us who otherwise pay our credit card debt in full each month but play the 0% balance transfer game when offers arrive. (That is, borrow several thousand at 0%, earn interest on it during the 0% promotional period, then pay it off in full without having paid a dime in interest.) I recently had over $30k in 0% debt that was paid in full without paying any interest, but I probably would have been counted as a household in debt under such studies. Also, there are those of us who otherwise pay our credit card debt in full each month but play the 0% balance transfer game when offers arrive. (That is, borrow several thousand at 0%, earn interest on it during the 0% promotional period, then pay it off in full without having paid a dime in interest.) I recently had over $30k in 0% debt that was paid in full without paying any interest, but I probably would have been counted as a household in debt under such studies.

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