Pay off credit card debt without consolidating
With close to 60% of Americans maintaining a credit card balance that exceeds affordability levels, this not only results in high interest payments, but an unfavorable credit score, too.In response to ever-growing credit card debt levels, Payoff was launched in 2009.Are you currently in a position where you have debt stacked across one or more credit card? Not only this, but attempting to manage repayments on multiple credit cards can be a daunting task, especially if repayment dates are scattered throughout the month.If this sounds like you, then you might want to consider Payoff.In the next section of our guide, we are going to assess the costs of taking out a Payoff loan.
Payoff loans are available from a minimum of ,000, all the way through to ,000.
It is important to remember that the origination fee will be deducted from the total loan amount you are approved for.
For example, if you take out a Payoff loan for ,000, and your origination fee is 5%, then you will only receive ,500 towards your credit card debt.
In a nutshell, Payoff specialize in one service and one service only – paying off credit card debt.
If you’re thinking about using Payoff for this purpose, then we would suggest reading our comprehensive review.