If this interest went to retirement savings instead (assuming 7% annual returns):
Potential retirement savings lost over 30 years
⚡ Limited Time Offer - Don't wait until interest rates rise again!
Several options are available if you're struggling with credit card payments:
Debt consolidation combines multiple debts into a single loan, typically with a lower interest rate. Benefits include:
Most consolidation loans require a decent credit score to qualify for the best rates.
The impact on your credit score depends on the type of debt relief:
However, continuing to struggle with high debt and missing payments can be worse for your credit long-term.
The time to pay off credit card debt depends on several factors:
Use our calculator above to get a personalized estimate. With debt relief programs, many people become debt-free in 24-48 months.
Yes, you can negotiate with credit card companies directly. You might be able to:
However, working with a debt relief specialist often leads to better results as they have experience and established relationships with creditors.
⚡ Limited Time Offer - Don't wait until interest rates rise again!