My Pay Off Loan
- Obtain more information about the Pay Off Loan offer
- Designed to help consumers pay off their credit card debt
- The pre-approved offer is based on credit score
Investopedia defines credit card debt as “A type of unsecured liability which is incurred through a short-term revolving loan facility”. Credit card debt is some of the worse debt a person can carry as it often results in a VERY HIGH APR. Due to the high APR associated with credit cards many consumers end up paying hundreds if not thousands of dollars in balance fees a year. Many credit card companies entice customers to make a small minimum payment in lieu of paying of the entire balance all at once.
Sources
