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Balance Transfer, What is it actually???
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Heihachi777
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Nov 4 2010, 08:40 PM
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Getting Started

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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  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 $
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Heihachi777
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Nov 5 2010, 01:05 AM
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Getting Started

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QUOTE(egyprince @ Nov 4 2010, 10:03 PM) Can you explain it in more details....hmmm dont really understand leh.. 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). 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
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