5 Reasons to Pay Off Your Credit Card Debt

Financial well-being January 19, 2024 By First United Bank

Tackling Credit Card Debt Can Be Tough, But the Results Are Worth It!

  1. Lower Your Interest Charges

    The more debt you carry, the more interest you’ll rack up over time.

  2. Lower Your Stress

    Being debt-free can reduce your anxiety and help your overall well-being.

  3. Help Raise Your Credit Score

    High credit card balances mean high credit utilization, which can ding your score.

  4. Free Up More of Your Budget

    Spend less on interest so you have more money available for important purchases.

  5. Help Future You

    Credit card debt today steals from your tomorrow.

Should You Pay Off Debt or Build Your Emergency Fund?

Experts often recommend putting any extra cash toward your credit card debt first.

By First United Bank