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Mark Peters
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0% apr credit card balance transfer

Mark Peters
Posted Aug 5 2022, 12:05

Hi everyone,

I used credit cards to finance every model of rental property. Near the end the remodel the house became damaged due to a fire. I am now holding about 35k in CC balance with high payments. I need recommendations for the best type of 0% CC to transfer this balance to. There are so many zero CC cards and I don't know if the cash advance/ cash app or venom charges will affect the bottom line. Anyone has any information for me please respond.

Mark

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Chris Seveney
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Chris Seveney
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Replied Aug 6 2022, 07:38
Quote from @Mark Peters:

Hi everyone,

I used credit cards to finance every model of rental property. Near the end the remodel the house became damaged due to a fire. I am now holding about 35k in CC balance with high payments. I need recommendations for the best type of 0% CC to transfer this balance to. There are so many zero CC cards and I don't know if the cash advance/ cash app or venom charges will affect the bottom line. Anyone has any information for me please respond.

Mark

They are all very dependent on your credit. Best to call around. 
This makes a great case study of why to never use credit cards / short term adjustable debt in real estate.