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Balance Transfer Day Leadership Stirring Controversy

Facebook site creator linked to credit card offer websites.

By David Morrison | Updated on December 07, 2011

Balance Transfer Day, the primarily Facebook movement aimed at convincing consumers to move higher interest rate credit card balances to lower interest rate credit cards, is facing complaints from supporters after one of the site’s founders has been found to have links to websites which make money from consumers opening new credit card accounts.

Media outlets have reported that Michael Germanovsky, the originator of the Balance Transfer Day site, is an editor and writer at Credit Land.com and BestCreditOffers.com, two websites that make money from advertising aimed at getting consumers to open new credit card accounts.

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