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Details of credit card offers in South Carolina

Paying down a high-interest credit card debt can be difficult as most of the payment goes toward interest. However, it may be possible to transfer that balance to a credit card offering zero percent interest for 12 to 18 months. While such offers are generally available only to those with good credit, some card issuers may allow an individual to add a family member or friend to the account as a cosigner.

Those who want to transfer their debt to a new credit card can transfer as many existing balances as they want. The only requirement is that the sum of those balances do not exceed the transfer limit granted by the credit card issuer. Furthermore, individuals may not transfer a balance to another card offered by the same company.

In the event that the balance isn't high enough to pay off all existing debt balances, it may be possible to ask for a personal loan. Homeowners may also be able to secure a home equity line of credit to help pay down debt at a lower interest rate. Those who are thinking about applying for zero percent interest credit card should understand that applying for a card means a hard inquiry on their credit reports. This could temporarily lower their credit scores.

Those who are looking to get rid of credit card debt may wish to opt for bankruptcy. Most unsecured debt may be eliminated through bankruptcy, and individuals may also be entitled to an automatic stay from creditor contact. An attorney can help determine what type of bankruptcy the client may be eligible for.

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The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
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Columbia Office

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925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
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