Interest

Credit card companies have a business model based on keeping you in debt as long as possible. They make statements difficult to comprehend with the expectation that you’ll just make the minimum payment to make that big ball of stress go away for another month. In truth, there’s a lot of information on there that can empower you as a consumer.

Let’s look at three steps you can take to lower the APR on your debt.

“Buy today with no money down and zero interest!”

Here are the potential pitfalls of going this route and the surprising benefits of financing a large purchase under specific circumstances—even if you have the cash to pay for it today.