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Investing vs Paying Credit Card Debt

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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?

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: MoneyTalksNews

Length: 01:16
Rating: 4.57
Views: 6846

Tags: balance  card  consumer  credit  debt  finance  invest  investing  money  news  personal  save  savin  talks  

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Video Comments

ganymedeIV4 (November 30, 1999 at 12:00 am)
heeeyyy I'm a Rare American. Plastic free here. And yes people are dumb enough to not pay off there CC bills at the end of the month. last time I checked, IQ isn't asked on a CC application. I suppose it should be.
ergotwotwo (November 30, 1999 at 12:00 am)
nevous8, that may be true, but those households don't have $10,000 in cash laying around. This video is basically saying if you have a crapload of cash, pay off credit cards, pretty obvious.
dronkgat21 (November 30, 1999 at 12:00 am)
wow!! as if we dont know this
UnconcernedCitizen (November 30, 1999 at 12:00 am)
After I find a job, I will watch this video again. Thanks.
nevous8 (November 30, 1999 at 12:00 am)
average american household has 4.5 credit cards or something.
Tonytan0 (November 30, 1999 at 12:00 am)
lol wow..well i got a system to get ppl out of debthurryupcash(dot)com It's how I receive money for me to spend and extra.You too, can receive up to $100-$3500 potential to your door daily.
ergotwotwo (November 30, 1999 at 12:00 am)
are people really that retarded that they would have money laying around with a 15% credit debt?
farhmoha (November 30, 1999 at 12:00 am)
lol his name is stacy hahaha
hotdesichicks (November 30, 1999 at 12:00 am)
awsome stuff must say...
lodossheros (November 30, 1999 at 12:00 am)
true

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