Should I Use My Credit Card or Overdraw My Account?

Save
Next Video:
How Many Credit Cards Do You Need for Good Credit?....5

Do not use a credit card to make a purchase that would overdraw on a bank account because overdraws often lead to expensive fees. Avoid using credit cards unless it is an emergency with advice from the owner of a debt settlement company in this free video on credit cards.

Part of the Video Series: Credit Card Debt Information
Promoted By Zergnet

Comments

Video Transcript

Hi, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Should I use my credit card or overdraw my account? Well, the answer is pretty much obvious. You really don't want to overdraw your account, because then you're going to get hit with a lot of fees. And, yes, that can be quite bad when you have like, six or seven purchases, and each and every single one of 'em is being charged on atop of that about thirty nine dollars or forty something dollars, by your bank. You really want to use your credit card for a purchase like that? Yes, if it's really an emergency and you do have to buy that or purchase that particular thing, that what you have your eyes on. However, I advise using...I advise against using credit cards, because what you're going to do once you do use 'em, you're going to pay an incredible amount of interest on it if you are in a higher interest category. Use your credit cards wisely. Don't just go and spend with it. My name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching.

Featured

Related Searches

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!