How Balance Transfers Help Consumers Manage Debt, says Auriemma Consulting Group content= – PR Newswire UK
LONDON, Feb. 11, 2019 /PRNewswire/ –As consumers continue to face increasing debt levels and expenses, new data from Auriemma Consulting Group suggests that balance transfer offers continue to be an effective tool for consumers who are struggling to pay down their debt.
Balance transfers can help consumers better organise and pay down their debts by consolidating payments to one institution, often at a competitive interest rate, sometimes as low as 0% APR. The result: 49% of balance transfer customers report that they have seen a decrease in their total debt level since taking the balance transfer, versus only 25% that report increasing their total outstanding balances.
“Balance transfers can be a win-win for issuers and …