6 Ways to Save On Credit
1. Finance charges on installment purchases may vary, and you may choose the less costly. (or Pay Cash)
2. Shorten the time payment period as much as possible.
3. Make a large down payment and pay promptly so as to avoid extra charges.
4. If insurance is required, it should be described and listed separately with its cost. Also check to see if you can purchase the insurance separately.
5. Take advantage of rebates if provided or required. Substantial savings might be made if a credit obligation were paid off materially in advance. (Check rules and regulations about deducting financing costs and interest charges in federal income tax returns.)
6. Consider the entire transaction – the entire “package,” – quality and price of goods or service, and other elements previously mentioned, as well as the credit service cost.
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