According to Forbes, the Federal Reserve recently estimated that nearly half of US households are unable to pay their credit card bills in full each month, and owe an average of more than $15,000, spread across an average of four credit cards.* Here are some tips from GreenPath to help you pay all of your bills on time.
Before you use your credit card for that big purchase, you might want to consider using a personal loan instead. While your credit card may offer a lower interest rate than a personal loan, making an expensive purchase and carrying a high revolving balance can negatively impact your credit score. This will also cost you more money in interest payments, over time. Here are some helpful tips to help you choose between using a credit card or a personal loan.