Katie Miller

Jun 25 2018

3 Tips for Handling Credit Card Debt


Credit card debt can add up quickly. Too much debt can lower your credit score and prevent you from long-term goals like buying a home or saving for retirement.

Pay off your credit card debt with these tips:

  1. Pay off Lowest Debt Balances First –  AKA Snowball Method
    If you have multiple credit cards with balances, focus on paying down the total balance of your smallest debts, one at a time. Once a card is payed off, take the money you were using to pay down your next smallest debt balance.
  2. Pay off Highest Interest Rate Debts
    Check all your credit card statements and determine which cards have the highest interest rate. Pay those off first and work down to credit cards with lower interest rates. This will lower the amount of interest you pay on your debts, ensuring more of your money will go to paying off the actual debt.
  3. Do a Balance Transfer
    If your card has a high annual percentage rate, it’s hard to make progress on payments with large finance charges. Consider doing a balance transfer by transferring your credit card balance from one card to another with a lower Annual Percentage Rate (APR).

If you think transferring a balance from a higher rate card to a low rate card from Hills Bank is for you, please give us a call at 1-800-445-5725 and we can help you get started.

Katie Miller

About Katie Miller

Katie Miller is a First Vice President, Branch Manager at Hills Bank’s Kalona location. She has been at Hills Bank since 2005 helping customers with all their banking needs. Katie is on the Board of Directors for the Kalona Area Chamber of Commerce and is Board President of Hospice of Washington County. She can be reached at katie_miller@hillsbank.com.

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