Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter


Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

How to Pay Off Debt Without Feeling Overwhelmed

Written by Jeff Rose on February 25, 2013 in Retirement  |   9 comments

Plenty of people know the anxiety of overbearing debt. According to one source, households in the United States average $15,422 in credit card debt; $34,703 in student loan debt; and $149,782 in mortgage debt. With all of that pressure, many people think it’s impossible to…

pay off credit card debtPlenty of people know the anxiety of overbearing debt. According to one source, households in the United States average $15,422 in credit card debt; $34,703 in student loan debt; and $149,782 in mortgage debt. With all of that pressure, many people think it’s impossible to improve their financial situations. However, with some work and smart strategies, you can pay off your debt without feeling overwhelmed.

Negotiate with your credit card company

Credit card companies exist to make money. Don’t doubt that. But many of them realize that they can get more out of their customers by negotiating. A person who has no hope of paying a balance might walk away completely, leaving the company with a heavy bill.

Many companies will lower your interest rate to help you get out of debt faster. This gives customers hope and encourages them to make payments on time. That’s good for you and for the credit card company, so don’t be afraid to ask.

Prioritize your payments

Start by prioritizing your payments. If you have several credit cards, organize them by interest rate. Some people think that it’s best to pay off the card with the smallest balance, but that could cost you more money in the long run so weigh your options.

Your first mission is to eliminate debt from whichever card has the highest interest rate. Make minimum payments on the others, and focus any reserve money on the most expensive card. Start small. If you can only afford to pay an extra $10 this month, then that’s what you’ll do.

This will take time. Depending on how much debt you have on the card, it could take years. Stick to it. Eventually, that balance will reach zero and you can move on to the next card on your list.

Consolidate your student loans

Student loans can stay with you for decades. That’s not always a bad thing, though, when you take advantage of a low interest rate. Consolidating your loans puts all of your student debt into a single account. Depending on when you consolidate and what kind of interest rate you can get, you could dramatically reduce the amount you pay over the lifetime of your loan.

Also, right now student loans generally have lower interest rates than credit cards. Focus your extra cash on your credit card debt while you continue to pay your student loans on time.

Pay your bills on time

Late payments cause many people to stay in debt. When you pay a bill late, your interest rate can go up, and the company can also charge you extra fees. When you pay your bills on time, however, you don’t suffer those penalties. You get to keep more of your money instead of giving it to someone else just because you sent the check a few days late.

Build momentum

As you lower your debt, you will have more money. That extra cash comes from lower interest payments and from avoiding late fees. But don’t use that money to take a lavish vacation. Commit it to reducing your debt even more. Eventually you’ll find that you’re living without any debt at all. That’s when you really get to use the money you earn to enjoy life instead of barely making ends meet.

Jeff Rose is a CERTIFIED FINANCIAL PLANNER™ professional and an Iraqi combat veteran. He blogs at Good Financial Cents, Soldier of Finance, and Life Insurance By Jeff. Follow him on Twitter: @jjeffrose 

The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.


  1. Anonymous says:

    I have paid off all of my debts and I still have not received any updates on my credit score

  2. Anonymous says:

    When is the best time to consolidate school loans, while still attending or after I finish school? Does student loan balances affect you when you are in the process of purchasing a new home or vehicle?

    • EFX Moderator, EM says:

      Your student loan balance could show on your credit report, which can impact your creditworthiness when applying for a car loan or mortgage. Have you pulled your credit report lately? Doing so will let you see what the lenders are looking at.

      Click here for some options on your student loans. Consider each one and I hope you find one that works best for you and your situation.

      Thanks for posting.

  3. J.c says:

    What can I do to get my credit score hire

  4. Gaily says:

    How do I get disputes removed from my Credit Report?

  5. Gaily says:

    How do I get disputes removed from my Credit Report?

  6. Anonymous says:

    Every time I think I’m about to be debt free, government or another company throws more bills my way to make my debt reduction next to impossible to clear! My job doesn’t pay much and I’m busy my hump trying to make headway; and I just feel like no matter how far ahead I try to get, something ALWAYS comes up to kick me when I’m already down!

Leave a Comment

Name :

Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.

Retirement Archive