4 ways to pay off $10,000 in credit card debt quickly

Credit card debt is becoming a problem for many Americans according to data from the Federal Reserve Bank of New York. Credit card delinquencies are growing and almost one in five credit cards are maxed out. And this is all happening against a backdrop of persistent inflation, which is compounding the credit card debt problem in the United States.

The goal is to save you time and money in your debt relief journey. And, while these programs may have a negative impact on your credit score, that impact is rarely as detrimental as that caused by credit card debt forgiveness. Moreover, as you make your payments on time, you could realize growth in your credit score. Use your home equityIf you own your home, you may be able to use your home equity to pay your credit card debt off at a lower interest rate.

Source: Loan Digest (loandigest.net)

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