Comments on: Beware of Balance Transfer Checks http://www.smartbalancetransfers.com/blog/2009/06/beware-balance-transfer-checks/ The Balance Transfer Credit Card Resource Fri, 20 Nov 2009 16:06:44 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Balance Transfers Helper http://www.smartbalancetransfers.com/blog/2009/06/beware-balance-transfer-checks/comment-page-1/#comment-6367 Balance Transfers Helper Thu, 12 Nov 2009 16:03:26 +0000 http://www.smartbalancetransfers.com/blog/?p=438#comment-6367 Greg, Basically, the fine print on balance transfer checks and cash advance checks usually states that the credit card company can reject them at will. A year or so ago, this was rarely an issue. Today, however, many banks send out balance transfer checks and then decide they don't want to take on the debt. One recourse would be to fight any rate increase you incurred as a result of this. Another would be to apply for a <a href="http://www.smartbalancetransfers.com/" rel="nofollow">balance transfer credit card</a> and move your business to another company. Greg,

Basically, the fine print on balance transfer checks and cash advance checks usually states that the credit card company can reject them at will. A year or so ago, this was rarely an issue. Today, however, many banks send out balance transfer checks and then decide they don’t want to take on the debt.

One recourse would be to fight any rate increase you incurred as a result of this. Another would be to apply for a balance transfer credit card and move your business to another company.

]]> By: Gregg Wandsnider http://www.smartbalancetransfers.com/blog/2009/06/beware-balance-transfer-checks/comment-page-1/#comment-6366 Gregg Wandsnider Thu, 12 Nov 2009 15:50:56 +0000 http://www.smartbalancetransfers.com/blog/?p=438#comment-6366 The above story sounds familiar. The same thing happened to my wife and I, same story only the names have changed. I was able to stop the over drafts by liquidating some things on a quik weekend Craigs List sale, fifty cents on the dollor. This really hurt. Is there anything that we can do. The above story sounds familiar. The same thing happened to my wife and I, same story only the names have changed. I was able to stop the over drafts by liquidating some things on a quik weekend Craigs List sale, fifty cents on the dollor. This really hurt. Is there anything that we can do.

]]>