Good news! Interest rates have dropped for the first time in almost five years. This means borrowing money may cost less, which can feel like extra cash in your pocket. But before you start spending, it’s important to think about using this money wisely—especially if you have debt, like a credit card.

If you have a credit card, you can choose to pay just the minimum amount each month, but the downside is it can take a really long time to pay it all back. For example, if you borrowed $5,000 and only made the smallest payments, it could take over 52 years to pay it off—and you’d end up paying way more than you borrowed!

A smarter move is to pay more than the minimum whenever you can. This helps you get rid of your debt faster and saves you money in the long run. If you only pay the least amount and something unexpected happens—like you can’t make a payment—your debt could grow even bigger, and you might have to pay it all back at once!

So, with interest rates going down, it’s a great time to put extra money toward paying off debt instead of spending it. If you or someone you know is struggling with payments, help is available! You can reach out to a free national debt helpline or talk to your creditors to work out a plan.

And if you need even more help, we’re here to:
 Talk to creditors to try to lower your debt
 Ask for lower interest rates or pauses on extra fees
 Help set up payment plans that work for you
 Reduce annoying calls from creditors
 Try to prevent your credit score from being affected
 Check if you were given a loan unfairly

Making smart money choices now can make a big difference in the future. If you need help, don’t hesitate to reach out—we’re here to support you!

We Can Help You – Today

Book your FREE Consultation now and talk to one of our qualified SMDN Advocates that will help put you back on the road to financial freedom!