New Year, New Debt Solution!

The New Year is the right time to find a better, faster way to get out of debt.

If you’re like millions of Americans, you’re probably reeling with a holiday debt hangover. You made too many charges for the holidays, and now you’re trying to figure out how to handle the debt. Minimum payments don’t work, and even with larger payments, high interest rates make it almost impossible to reach zero. You need a new debt solution to get out of debt faster.

Why traditional payments don’t work

Credit card minimum payment schedules are not designed to help you get out of debt quickly. They keep you in debt as long as possible, because interest charges are how credit card companies make money.

Even if you make larger payments every month, you still end up overpaying. That’s because credit cards have high interest rates that eat up almost two thirds of every payment you make!

Don’t believe us? Use our free credit card debt calculator to see how long it will take to eliminate your balances. Try adding money to your minimum payment and making fixed payments. You still won’t be happy with the results.

Note: If you don’t know your minimum payment schedule, choose 2%; that’s standard for most credit cards.

Finding a better, faster debt solution

A debt management program is a type of debt consolidation you can use, regardless of your credit score. It rolls all your debts into a single monthly payment, so you can stop juggling your bills. It also puts a certified team of credit counselors on your side to negotiate lower interest rates with your creditors. Lower APR means you can get out of debt faster, often with lower payments each month.

The average debt management program graduate:

  • Is out of debt within 36 to 60 payments
  • Enjoys interest rates between 0-11% APR
  • Pays up to 30-50% less to get out of debt