A balance transfer credit card is a useful tool to consolidate debt, but only if it’s used correctly. We asked consumers about their thoughts on balances transfers, and it turns out that over half of people may be using them in a financially risky way.
Follow financial trends and get insight on what consumers really think about debt, credit and personal finance with original surveys and data studies from Debt.com.
At the beginning of 2018, Debt.com surveyed over 1,300 people to ask them about their greatest money regrets from 2017. We also wanted to know how many people make financial resolutions for the New Year and what they do to ensure they actually achieve those goals, instead of letting their resolutions slide after a few weeks.
More Details about Financial Research from Debt.com
At Debt.com, we strive to understand what consumers think about debt and how they really feel about their finances and credit. That’s why we’re constantly polling and surveying consumers on a wide-range of financial research topics. This allows us to follow key trends in consumer finance and helps drive our development of new resources and tools that support consumers in their efforts to achieve long-term financial stability.
Most of the financial research studies you see listed above are conducted by Debt.com’s research team through Survey Monkey. We acquire survey participants by reaching out to our email subscribers and social media audience. So, by and large, most of the respondents who take our surveys are consumers who are actively seeking debt, credit and budgeting solutions, or who have looked for these types of solutions in the past. All surveys we conduct require a minimum sample size of 1,000 respondents.
You can find the specific survey methodology for each survey at the bottom of each financial research study. We encourage you to use this information to gain a better understanding of consumer sentiments when it comes to personal finance. If you’re using this research for an article that will be published online, please link back to the original study when possible, so your readers have the opportunity to look at the full results themselves.
In addition, if you’d like to talk to a financial expert about any results you see here or request an in-depth interview, please reach out to our Social Media Director Michelle Bryan at firstname.lastname@example.org. You can also ask follow-up questions using the form on the right side of this page.