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?
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Congress is bought and paid for by the banking lobby. They have just given BILLIONS of taxpayer dollars away to these big banks under the pretense that they should be kept solvent so they can LEND YOU MONEY. What sense does it make to GIVE them taxpayer money so that they can turn right around and LEND it back to you at INTEREST? Think about it.
TAKE BACK YOUR MONEY AMERICA
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oh yea the card itself isn’t bad.
It’s the people who give you the card that are the satans.
Yes Yes I do need soda and a lan cable.
Do you need soda? No. Do you need cable? No. Do you need the internet? Maybe? Figure out what you don’t need and you’d be surprised at how much money you save.
The credit card is not bad. Remember that people get messed up when they don’t pay the bill in full. Many card issuers have cash rewards, discounts, etc. I would be a fool not to use a rebate thrown at me. Remember IF YOU DON’T HAVE THE MONEY DON’T SPEND IT.
Way to go ganymedelV4, We run on cash and have plenty coming in. Don’t miss the plastic at all!
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.
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.
wow!! as if we dont know this
After I find a job, I will watch this video again. Thanks.
average american household has 4.5 credit cards or something.
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are people really that retarded that they would have money laying around with a 15% credit debt?
lol his name is stacy hahaha
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Dohhhh…. that is so logical !