Invest, or Pay off Credit Card?

Invest or Pay off credit card? 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... Research shows that if your job is stable and secure and you have some money in a saving account. It is better to payoff your credit cards that have a 15% interest charge. Doing this will be like giving yourself a 15% tax return and save you money in the long run. But if your job is not secure you should be saving as much money as possible and stop charging debt to your credit cards.

Agree that better off to pay your credit cards so that you don't have to pay the high interest, they will charge you high if you don't pay during due date. They have to charge late payments and it will become expensive over the years. You can have negative credit history and low credit score. Just need to use it properly if you have one, so that you will not have problems in the future.