#highapr

Emergency use of a credit card might be a lifesaver when your car breaks down or your roof leaks, but paying a balance with high APRs could literally be a long-term drain on your wallet. In this video, we'll run through a 60-second checklist to help you make smart credit decisions: Whether or not you can defer a purchase, whether or not you can pay off a purchase quickly, or whether you actually need a smarter move like a balance transfer or personal loan. We'll teach you the pre-statement paydown trick, calculate whether saving money is worth a 0% interest transfer with a fee of ~3%, and give scripts to call reporting units at issuers so that you can take care of your emergency while maintaining your credit score. Check out wiseconsultant.com for a personalized plan.