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Invest, or Pay off Credit Card?

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Uploaded by on Feb 12, 2009

If you carry a balance on one or more credit cards, you're not alone: according to the Federal Reserve, nearly half of American families do. And nearly half of American families also have some sort of bank savings accounts. If you have savings, should you use that money to pay off your credit cards? Bankrate.com finds out.

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News & Politics

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  • Credit card companies will raise their customers limit and allow them to make the minimum payment ($20-$300). It's just a system that we all have to play for corporate profiteers. I sell real estate and have issues with getting people that pay everthing in cash, because they have no credit history. Instead of being rewarded they are punished with additional hoops and hurdles.

    Awesome video, Keep it up.

  • Nice Research

  • so...if way pay off our balance after July of 2010, the responcible debt payer will be punished, and the delinquents will be rewarded- per the new Credit Card bill of entitlements...or bill of rights?

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