LOCs, balance transfer offers, etc are typically only available to low risk clients who don't have much debt. (In my experience, the best way to get tons of balance transfer offers for a card is to just... have it in your drawer, unused... and I've gotten... umm... four unsecured LOCs at reasonable rates that I never applied for?) Really, many of those offers are banks' attempt to try desperately to get some people who don't seem to be borrowing to borrow at least a little.ProfessorChaos wrote: ↑How are people actually paying 19.99% interest on thousands of dollars? Why wouldn't they at least balance transfer to a lower interest card or pay it off with LOC or something that is at least close to Prime
If you're a pseudo-bankrupt debt slave, the banks aren't going to offer you a product at 6% interest when they have you paying 19.9% until you tip over into bankruptcy...