Which Debt Payoff Plan Is Best for You?

Did holiday parties and gift-giving leave you spent? Compare 4 ways to pay down debt so you can reduce the interest you’ll pay.

by NEA Member Benefits

According to Bankrate.com, 35% of U.S. adults have credit card debt.1 Are you among them? Almost half of these individuals are stressed about it so finding the best way to pay off credit card debt is both a financial and emotional priority.

This infographic lays out four options for paying down a $5,000 credit card bill. Notice the differences in monthly payments, the number of months to pay off and the total cost, with interest. For more information about the personal loan option, check out the personal loan program offered to NEA members.

Holiday Debt Payoff Infographic