All of us have experienced a drop in our finances. You think of various ways to get out of the situation but you hit a snag. This is when many people turn to the best balance transfer available to them at that point in time, desperate to take any path that will help them to lower their credit card debt. In case you are stuck in such a situation, don’t panic.

Listed below are some of the options available to you:

• There is nothing like being able to get a balance transfer at this time in order to lower your credit card debt. Paying interest on debts is what puts you in even deeper debt. Best balance transfer cards can help you as most of them come with 0% interest payments for the promotion period. But make sure that you are aware of the balance transfer fee that banks charge you as they may sometimes work out more in favor of the bank than in favor of you. In order to first qualify for the best balance transfer you would need an excellent or good credit, only then can you be eligible to obtain a 0% card. That is a big hurdle that you need to jump over in order to get debt free. The next hurdle would be to get a high enough credit line on the 0% card to transfer your entire high-interest balance to it.
• You need to make sure that by doing a balance transfer your whole debt and not just a portion of it is refinanced. If this happens, you need to call the issuer of the best balance transfer and ask him for a higher credit limit. Some of them may be a little flexible and you might just get what you wish for.
• If talking to an issuer doesn’t help, then you should try and apply for a personal loan.

Hence getting a balance transfer with a low credit limit is not impossible.