Smart Money Tip: Make a Plan For Your Credit Card Debt

Jun 7, 2021

Credit card interest rates are no joke, leaving high balances on your credit cards can rack up some serious interest charges and damage your credit score. Start by reviewing your balances and your interest rates to figure out what debts you owe for all of your credit cards.

DO THIS TODAY: Choose a repayment method that works for you like the “snowball method,” which targets the smallest balance cards first, or the “avalanche method,” which targets the highest interest rate cards first, no matter their balance. www.powerpay.org will compare both options side-by-side and show you how long it will take you to pay off your balances and how much interest you will save!