Worried About Your Credit Card Debt During the Pandemic? This Will Help

Most people can barely afford to make their minimum payment right now, which means they’re racking up compound interest that’s going to get out of hand if left unchecked.

Fortunately, there’s a way to pay off your credit card bill sooner and avoid drowning in interest: by consolidating your debt with the help of a free service called Credible.

Freedom from debt, faster

With a personal debt consolidation loan, you’ll be able to trade in all of your existing debts for one monthly payment at a lower interest rate.

Credible lets you comparison-shop for the best interest rates available with just a few clicks of your mouse, and in two minutes you’ll see all the lenders willing to help you pay off your debt quickly.

You can borrow up to $100,000 (with no collateral) at interest rates as low as 6.6% fixed APR (with autopay)See Terms* -a repayment schedule ranging from 24 to 84 months.

Depending on how much interest you pay on your credit cards, consolidating your debt could immediately lower your monthly payment and save you thousands of dollars over the course of your loan.

For example, let’s say you owe $10,000 on a credit card with an interest rate of 16%. And let’s say your minimum monthly payment is 4% of your outstanding debt.

Since your credit is good, you qualify for a 48-month debt consolidation loan at 7% interest.

Here’s what you’ll save: