Get a Real Fresh Start: Pay Off ALL Your Credit Cards

Even those of us with good credit sometimes need a fresh start on debt! About once a year, I sit down and analyze all of my monthly expenses, including my mortgage, car loan, and my credit card debt. I look at things like overall debt, the balance on each loan, the amount and rate of interest, and the effect that each payment has on my monthly expenses. Then, I formulate my financial plans for the year, deciding how much I can and will pay off each month, whether I should consider any balance transfers to save money on interest, and even if I should consider paying off all of the cards with a personal loan.

Have you sat down with your monthly expenses for this year? And if so, did your credit card spending get out of hand over the holidays? Perhaps money has been really tight and you’ve only been able to make the monthly minimum payments… which just leaves you feeling like you’re drowning in credit card debt, especially when you read the fine print and see how long it will take to pay off those debts if you only make the minimum payment! Relax… you can pay off ALL of those credit cards right now. All you need to do is take control of your finances and conquer your credit card debt with a loan from SoFi!