May 20, 2020
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Tired of being in credit card debt, and not seeing any good way out? You're not alone. Millions of Americans are being crushed by credit card interest rates that recently hit record highs.
Let Credible help you pay off your credit card debt
Credible is a free online service that shows you the best lending options to consolidate your debt and save a ton on interest charges.
You can get matched with lenders willing to help pay off your credit cards with a single personal loan, and be able to comparison-shop for the lowest rates.
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You can borrow up to $100,000 (with no collateral) at interest rates between 3.99%-35.99% APR, and you get to choose your repayment schedule – typically 24 to 84 months.
Depending on how much interest you pay on your credit cards, a debt consolidation loan could save you thousands of dollars.
Say for example you had a store credit card with a killer 22.99% interest rate, and were swamped with $12,500 in debt. By trading in that debt for an 84-month personal loan at 5% interest, you're saving a total of $10,400 in interest costs.
If you'd stuck with your credit card and just made the minimum payment of $350 per month, you would have paid around $22,000 in interest alone over 11 years. Yikes.
Even if you're just curious about your options, checking rates on Credible is a smart idea. It won't hurt your credit score, and it will probably save you a bundle.
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