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 Balance Transfer, What is it actually???

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Heihachi777
post Nov 4 2010, 08:40 PM

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From: nipporn
QUOTE(sammosinga @ Nov 3 2010, 01:52 PM)
thanks,i just want to sign up CIMB 1%/12month BT,now maybank offer 0%/12month hahaaa,will go to Maybank lah  flex.gif
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u bt bal frm cimb to mbb, ask them to up the limit, then bt again to others and so on, free cash man, loving it but be wary b4 u know what to utilize the $
Heihachi777
post Nov 5 2010, 01:05 AM

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From: nipporn
QUOTE(egyprince @ Nov 4 2010, 10:03 PM)
Can you explain it in more details....hmmm dont really understand leh..
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QUOTE(Gen-X @ Nov 4 2010, 11:40 PM)
you don't understand because there is no such thing as free cash. His statement is totally misleading and inaccurate.

by transffering a BT account to another BT account just prolong the debt payment. The debts still need to be paid (in MBB case, 12 equal installemts).
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soli soli, i shud hv elaborate more, as what gen-x said, u still need to pay in stages but what i meant is u r getting almost 0% interest loan, u can cash them out, to utilize it as a tooling/derivative for ur finance restructuring (e.g. investment, business expansion) or offset any debt with higher interest imposed, my previous statement mmg misleading, paiseh paiseh sweat.gif




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