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Credit Card Debt Information : What Is the Difference Between a Debit Card & a Credit Card?

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Uploaded by on Feb 8, 2009

The difference between a debit card and credit card is that a debit card is tied to a cash bank account, while spending money on a credit card causes debt and requires interest payments. Avoid paying interest on purchases by using a debit card instead of a credit card with tips from the owner of a debt settlement company in this free video on credit cards.

Expert: Peter Repak
Contact: www.ClearFinancialCompany.com
Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company.
Filmmaker: Christopher Rokosz

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Howto & Style

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Standard YouTube License

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  • this is wrong. Credit cards are only charged interest on whatever money that is owed after the billing cycle that isn't paid. So If you always pay the full amount on the credit card, you will never pay interest.

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