{"id":301733,"date":"2026-07-30T22:04:47","date_gmt":"2026-07-30T16:34:47","guid":{"rendered":"https:\/\/trybeem.com\/blog\/?p=301733"},"modified":"2026-07-30T22:04:49","modified_gmt":"2026-07-30T16:34:49","slug":"pay-off-credit-card-debt-without-closing-account","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/pay-off-credit-card-debt-without-closing-account\/","title":{"rendered":"How to Pay Off Credit Card Debt Without Closing Every Account"},"content":{"rendered":"\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href=\"#should-you-close-credit-cards-after-paying-them-off\">Should You Close Credit Cards After Paying Them Off?<\/a><ul><li><a href=\"#why-people-choose-to-close-accounts\">Why People Choose to Close Accounts<\/a><\/li><li><a href=\"#when-keeping-accounts-open-makes-sense\">When Keeping Accounts Open Makes Sense<\/a><\/li><\/ul><\/li><li><a href=\"#how-closing-credit-cards-can-affect-your-credit-score\">How Closing Credit Cards Can Affect Your Credit Score<\/a><ul><li><a href=\"#impact-on-credit-utilization\">Impact on Credit Utilization<\/a><\/li><li><a href=\"#impact-on-credit-history\">Impact on Credit History<\/a><\/li><li><a href=\"#impact-on-available-credit\">Impact on Available Credit<\/a><\/li><\/ul><\/li><li><a href=\"#a-smart-strategy-to-pay-off-credit-card-debt\">A Smart Strategy to Pay Off Credit Card Debt<\/a><ul><li><a href=\"#prioritize-high-interest-balances\">Prioritize High-Interest Balances<\/a><\/li><li><a href=\"#continue-making-on-time-payments\">Continue Making On-Time Payments<\/a><\/li><li><a href=\"#stop-adding-new-debt\">Stop Adding New Debt<\/a><\/li><li><a href=\"#build-a-realistic-repayment-budget\">Build a Realistic Repayment Budget<\/a><\/li><\/ul><\/li><li><a href=\"#which-credit-cards-should-you-keep\">Which Credit Cards Should You Keep?<\/a><ul><li><a href=\"#cards-with-no-annual-fee\">Cards With No Annual Fee<\/a><\/li><li><a href=\"#your-oldest-credit-accounts\">Your Oldest Credit Accounts<\/a><\/li><li><a href=\"#cards-with-useful-rewards\">Cards With Useful Rewards<\/a><\/li><li><a href=\"#accounts-you-no-longer-need\">Accounts You No Longer Need<\/a><\/li><\/ul><\/li><li><a href=\"#habits-that-prevent-credit-card-debt-from-returning\">Habits That Prevent Credit Card Debt From Returning<\/a><ul><li><a href=\"#use-credit-cards-for-planned-purchases\">Use Credit Cards for Planned Purchases<\/a><\/li><li><a href=\"#pay-the-full-statement-balance\">Pay the Full Statement Balance<\/a><\/li><li><a href=\"#track-spending-weekly\">Track Spending Weekly<\/a><\/li><li><a href=\"#build-an-emergency-fund\">Build an Emergency Fund<\/a><\/li><\/ul><\/li><li><a href=\"#common-credit-card-payoff-mistakes\">Common Credit Card Payoff Mistakes<\/a><ul><li><a href=\"#closing-every-account-immediately\">Closing Every Account Immediately<\/a><\/li><li><a href=\"#maxing-out-remaining-cards\">Maxing Out Remaining Cards<\/a><\/li><li><a href=\"#ignoring-credit-reports\">Ignoring Credit Reports<\/a><\/li><li><a href=\"#spending-more-after-becoming-debt-free\">Spending More After Becoming Debt-Free<\/a><\/li><\/ul><\/li><li><a href=\"#how-beem-can-help\">How Beem Can Help<\/a><\/li><li><a href=\"#conclusion\">Conclusion<\/a><\/li><li><a href=\"#fa-qs\">FAQs<\/a><\/li><li><a href=\"#faq-question-1785428151108\">Should I close my credit card after paying it off?<\/a><\/li><li><a href=\"#faq-question-1785428158442\">Does closing a credit card hurt my credit score?<\/a><\/li><li><a href=\"#faq-question-1785428162795\">Which credit cards should I keep open?<\/a><\/li><li><a href=\"#faq-question-1785428167298\">How can I avoid getting back into credit card debt?<\/a><\/li><li><a href=\"#faq-question-1785428173506\">Is debt consolidation a good option for paying off credit card debt?<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s never a better time to overcome your credit card debt by paying your balances to zero, but what exactly should you do to close out your credit card accounts once you\u2019ve paid those balances?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your initial reaction is to close all your credit card accounts after paying off your credit card debt. However, that is not always the best thing for your credit score. Rather, people who are keen on paying off credit card debt should understand how to do so without closing all their credit cards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Understanding the hows and whys of paying off credit card debt without closing all your credit accounts will help you protect your credit history, maintain healthy <a href=\"https:\/\/trybeem.com\/blog\/how-consolidating-debt-affects-credit-utilization\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit utilization<\/a>, and build good long-term financial habits.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Find out when to keep beloved credit cards open, how closing your credit card accounts can affect your credit score, and the most effective ways to clear credit card debt for good.<\/p>\n\n\n\n<h2 id=\"should-you-close-credit-cards-after-paying-them-off\" class=\"wp-block-heading\">Should You Close Credit Cards After Paying Them Off?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Closing credit cards after payoff helps keep you on track.<\/p>\n\n\n\n<h3 id=\"why-people-choose-to-close-accounts\" class=\"wp-block-heading\">Why People Choose to Close Accounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Closing credit cards after payoff is a common practice to avoid relapse. It\u2019s a logical idea to close credit cards after you\u2019ve paid them off: it\u2019s easier to get rid of your old temptations after you\u2019ve paid the price.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most people are simply looking for a neater financial life, with fewer accounts to manage, or they believe that fewer credit cards will improve their credit score.<\/p>\n\n\n\n<h3 id=\"when-keeping-accounts-open-makes-sense\" class=\"wp-block-heading\">When Keeping Accounts Open Makes Sense<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Open accounts contribute to your available credit, so having more available credit reduces your credit utilization ratio, an important factor in your overall credit score. Older accounts also increase your credit history by demonstrating long-term responsible credit use.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If a card is free with no annual fee and doesn&#8217;t induce unnecessary spending, it can be kept open and help your credit without costing you a cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/trybeem.com\/blog\/wp-admin\/post.php?post=300754&amp;action=edit\" target=\"_blank\" rel=\"noreferrer noopener\">How to Choose Between a Debt Consolidation Loan and a Balance Transfer Credit Card?<\/a><\/p>\n\n\n\n<h2 id=\"how-closing-credit-cards-can-affect-your-credit-score\" class=\"wp-block-heading\">How Closing Credit Cards Can Affect Your Credit Score<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Closing a credit account doesn\u2019t immediately remove your payment history from your report, but it can affect several metrics used by the scoring models.<\/p>\n\n\n\n<h3 id=\"impact-on-credit-utilization\" class=\"wp-block-heading\">Impact on Credit Utilization<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One measure of credit usage is your credit utilization ratio, which tells you how many of the dollars available to you on revolving credit you are actually using.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Paying off a credit card and closing the account limits your available credit, but they also change your credit utilization ratio; if you are still using other cards, your overall utilization percentage might go up even though your <a href=\"https:\/\/trybeem.com\/blog\/use-ai-to-spot-unusual-spending-patterns\/\" target=\"_blank\" rel=\"noreferrer noopener\">spending pattern<\/a> stays the same.<\/p>\n\n\n\n<h3 id=\"impact-on-credit-history\" class=\"wp-block-heading\">Impact on Credit History<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Length of credit history is another factor in your credit score; older accounts could mean better long-term management skills.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Closed accounts technically remain on your credit report for several years, but they do eventually disappear, and this can lower the average age of your credit accounts. Moreover, you could harm your credit in the long run by closing your oldest accounts too soon.<\/p>\n\n\n\n<h3 id=\"impact-on-available-credit\" class=\"wp-block-heading\">Impact on Available Credit<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Credit capacity is all about how much revolving credit you have available. When you close an account, your credit limit decreases immediately. Even if you never plan to carry a balance again, keeping higher credit limits enabled can provide the flexibility you need in an emergency and help keep your credit utilization ratio down.<\/p>\n\n\n\n<h2 id=\"a-smart-strategy-to-pay-off-credit-card-debt\" class=\"wp-block-heading\">A Smart Strategy to Pay Off Credit Card Debt<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A strong payoff debt plan keeps you on track, cuts down on the cost of interest, and develops long-term habits.<\/p>\n\n\n\n<h3 id=\"prioritize-high-interest-balances\" class=\"wp-block-heading\">Prioritize High-Interest Balances<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A very popular way to pay off credit card debt is to tackle your balances in order of interest rate, from highest to lowest. Known as the avalanche method, this strategy allows you to pay less in total interest over time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Continue making the minimum payments on every account, but apply any extra money to the card with the highest APR. Once you\u2019ve paid off that balance, put any extra money toward the next highest-interest-rate account.<\/p>\n\n\n\n<h3 id=\"continue-making-on-time-payments\" class=\"wp-block-heading\">Continue Making On-Time Payments<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Your payment history is the biggest factor in your credit score. You still need to make sure you\u2019re making all your payments on time, even as you aggressively pay down debt. Set up <a href=\"https:\/\/trybeem.com\/blog\/consolidating-debt-help-simplify-monthly-payments\/\" target=\"_blank\" rel=\"noreferrer noopener\">automatic payments<\/a> on all accounts, or set reminders for billing dates so you never incur a late payment or penalty, or allow a payment to fall behind.<\/p>\n\n\n\n<h3 id=\"stop-adding-new-debt\" class=\"wp-block-heading\">Stop Adding New Debt<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s much harder to pay down balances if they continue to grow due to new purchases. During your repayment period, avoid unnecessary spending and limit your credit card use to planned purchases that you can pay off immediately.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If avoiding credit is too hard, for now, consider hiding cards out of routine reach and keeping accounts open. This allows you to pay down balances without abandoning the long-term benefits of established accounts.<\/p>\n\n\n\n<h3 id=\"build-a-realistic-repayment-budget\" class=\"wp-block-heading\">Build a Realistic Repayment Budget<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">One of your first steps in a successful credit card debt payoff plan should be to create a realistic budget that includes debt repayment along with your essential living costs. Figure out your monthly income, fixed expenses, savings contributions, and discretionary spending to determine how much excess cash can be directed to debt consistently.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/trybeem.com\/blog\/wp-admin\/post.php?post=301101&amp;action=edit\" target=\"_blank\" rel=\"noreferrer noopener\">How to Get a Cash Advance on a Chase Credit Card: Everything You Need to Know (2026 Guide)<\/a><\/p>\n\n\n\n<h2 id=\"which-credit-cards-should-you-keep\" class=\"wp-block-heading\">Which Credit Cards Should You Keep?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Keeping the right accounts can help hone your credit profile and streamline your finances.<\/p>\n\n\n\n<h3 id=\"cards-with-no-annual-fee\" class=\"wp-block-heading\">Cards With No Annual Fee<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">No annual fee credit cards are often a good reason to keep them open, even if you rarely use them. You\u2019re not paying to keep them open; it often makes sense to keep them open because they add to your available credit and lower your utilization ratio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To keep the account open, try using each card occasionally to pay a small recurring expense, like your streaming subscription or your electric bill; just be sure to pay the balance in full every month.<\/p>\n\n\n\n<h3 id=\"your-oldest-credit-accounts\" class=\"wp-block-heading\">Your Oldest Credit Accounts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Recall that the age of credit accounts is an important factor in your overall credit profile. Naturally, older credit accounts are preferred, since they show a longer history of responsible borrowing. If your oldest credit card has no annual fee and doesn&#8217;t tempt you to spend excessively, it is usually smart to keep it open. Even if you only ever make a single purchase on your credit card, its long history can be an advantage.<\/p>\n\n\n\n<h3 id=\"cards-with-useful-rewards\" class=\"wp-block-heading\">Cards With Useful Rewards<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Many credit cards offer good rewards, including cash back, travel points, purchase protection, or savings on <a href=\"https:\/\/trybeem.com\/blog\/how-to-maximize-cashback-on-everyday-expenses\/\" target=\"_blank\" rel=\"noreferrer noopener\">everyday expenses<\/a>. Should you pay your statement in full on card payments, these rewards can be worth it, without piling on more debt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Figure out if the rewards are worth the annual fee. If they are, then this card is worth having.<\/p>\n\n\n\n<h3 id=\"accounts-you-no-longer-need\" class=\"wp-block-heading\">Accounts You No Longer Need<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Not every account that you have should be open forever. If you have a card that charges a high annual fee, offers mediocre service or benefits, or has become out-of-date, consider closing it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are going to close an account, first consider how it will affect your available credit and credit history. Instead of canceling a bunch of cards at once, close the ones that you\u2019re no longer using or that aren\u2019t worth keeping.<\/p>\n\n\n\n<h2 id=\"habits-that-prevent-credit-card-debt-from-returning\" class=\"wp-block-heading\">Habits That Prevent Credit Card Debt From Returning<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Becoming debt-free is a huge milestone, but staying debt-free is an ongoing commitment.<\/p>\n\n\n\n<h3 id=\"use-credit-cards-for-planned-purchases\" class=\"wp-block-heading\">Use Credit Cards for Planned Purchases<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You need to have the purchase in your budget beforehand and know that you will pay off your balance in full. Use credit cards only to pay for planned purchases, and you can enjoy rewards, <a href=\"https:\/\/trybeem.com\/blog\/how-beem-protects-against-fraud\/\" target=\"_blank\" rel=\"noreferrer noopener\">fraud protection<\/a>, and convenience without binding yourself with new debt.<\/p>\n\n\n\n<h3 id=\"pay-the-full-statement-balance\" class=\"wp-block-heading\">Pay the Full Statement Balance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Making the minimum payment can lead to big interest charges and can stretch debt payments for years. Paying in full avoids interest, keeps your credit utilization low, and reinforces good financial behavior. Making the monthly payment in full is one of the easiest and most effective ways to stay debt-free after your debt repayment plan is paid off.<\/p>\n\n\n\n<h3 id=\"track-spending-weekly\" class=\"wp-block-heading\">Track Spending Weekly<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s easy for small purchases to add up if you don&#8217;t keep track of them. Checking your finances weekly keeps you in the loop, so you can catch small overspending before it becomes a bigger problem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can use weekly check-ins to see where you could cut back, where you\u2019re comfortable overspending, and whether you\u2019re staying on budget.<\/p>\n\n\n\n<h3 id=\"build-an-emergency-fund\" class=\"wp-block-heading\">Build an Emergency Fund<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unexpected expenses are the number one reason people end up back in credit card debt; medical bills, car repairs, home repairs,s and temporary loss of income can happen at any time. Whenever possible, start building an emergency fund so you\u2019ll have a buffer against needing to use credit cards. Even a few months\u2019 worth of savings will help boost your sense of security, and you\u2019ll be surprised how much easier that makes you feel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/trybeem.com\/blog\/wp-admin\/post.php?post=133917&amp;action=edit\" target=\"_blank\" rel=\"noreferrer noopener\">What Is a Gas Credit Card, and How to Use It?<\/a><\/p>\n\n\n\n<h2 id=\"common-credit-card-payoff-mistakes\" class=\"wp-block-heading\">Common Credit Card Payoff Mistakes<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Paying off your financial troubles is a momentous day, but making common mistakes that follow may hinder or derail your progress toward a debt-free life and cause you to fall back into old habits.<\/p>\n\n\n\n<h3 id=\"closing-every-account-immediately\" class=\"wp-block-heading\">Closing Every Account Immediately<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Many individuals feel closing every credit card account is the best and safest move once they are debt-free. While you may reduce your temptation, it can also result in a lower total credit amount and a higher credit utilization ratio. Rather than closing every account, weigh the benefits and risks of keeping each one open.<\/p>\n\n\n\n<h3 id=\"maxing-out-remaining-cards\" class=\"wp-block-heading\">Maxing Out Remaining Cards<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When you close several credit card accounts and continue to use your remaining cards heavily, you may significantly increase your credit utilization percentage. Your total spending may remain unchanged; however, using a larger portion of your available credit can hurt your credit score.<\/p>\n\n\n\n<h3 id=\"ignoring-credit-reports\" class=\"wp-block-heading\">Ignoring Credit Reports<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A credit report provides a wealth of information about your past. When you review it, you can confirm that paid-off credit accounts were reported correctly and spot errors and signs of fraud. Periodically review your credit reports and correct any mistakes.<\/p>\n\n\n\n<h3 id=\"spending-more-after-becoming-debt-free\" class=\"wp-block-heading\">Spending More After Becoming Debt-Free<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Being debt-free is a major relief. Many people celebrate by overspending, which quickly sets back what they have already accomplished. Rather than using the savings from debt payments on impulsive purchases, put that money toward savings, investments, or other financial goals.<\/p>\n\n\n\n<h2 id=\"how-beem-can-help\" class=\"wp-block-heading\">How Beem Can Help<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Beem\u2019s AI Wallet can help you calculate what\u2019s reasonable based on your income and expenses. Starting at just 99\u00a2 per month with no upfront fees, Beem offers powerful financial tools to support you. Beem\u2019s AI Wallet helps you earn, save, send, spend, and grow your money smarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/trybeem.com\/budget-gpt\" target=\"_blank\" rel=\"noreferrer noopener\">Beem\u2019s BudgetGPT<\/a>\u00a0acts like a 24\/7 personal financial analyst, helping you take control of your budget with ease. It allows you to categorize expenses as essential or optional, break down your monthly spending, and project realistic costs. <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.useline.line\" target=\"_blank\" rel=\"noreferrer noopener\">Download the Beem app.<\/a><\/p>\n\n\n\n<h2 id=\"conclusion\" class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Learning how to pay off credit card debt without paying off each account is more than just about the affordability of balances; it\u2019s about building a more sustainable financial future. Paying off debt is a huge accomplishment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The actions you take afterward can significantly impact your credit score, borrowing flexibility, and the opportunities available to you. Keeping certain accounts open, maintaining low credit utilization, making on-time payments, and maintaining a realistic budget all contribute to stronger long-term financial health.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, responsible credit management does not mean never having a credit account; it means using credit responsibly, keeping an eye on your account,t and making smart, well-informed choices to support your financial goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consistently applying the right habits and tools can help keep you debt-free and credit-wise.<\/p>\n\n\n\n<h2 id=\"fa-qs\" class=\"wp-block-heading\">FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1785428151108\" class=\"rank-math-list-item\">\n<h2 class=\"rank-math-question \">Should I close my credit card after paying it off?<\/h2>\n<div class=\"rank-math-answer \">\n\n<p>Not necessarily. If your card has no annual fee, it helps you build your payment history and keeps your credit utilization ratio low. Keep it open and use it responsibly, rather than closing the account and limiting your options.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1785428158442\" class=\"rank-math-list-item\">\n<h2 class=\"rank-math-question \">Does closing a credit card hurt my credit score?<\/h2>\n<div class=\"rank-math-answer \">\n\n<p>Absolutely. Closing a credit card reduces your available credit and could increase your credit utilization ratio, which can eventually lower the average age of your credit accounts. The impact on your credit score will also depend on other factors, such as your overall credit profile and which particular account you chose to close.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1785428162795\" class=\"rank-math-list-item\">\n<h2 class=\"rank-math-question \">Which credit cards should I keep open?<\/h2>\n<div class=\"rank-math-answer \">\n\n<p>Cards that have no annual fee, cards that are among your oldest credit accounts, and cards that provide useful rewards that you use responsibly. Contrary to what you might think, cards that come with high fees but little value are a reasonable candidate for closure.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1785428167298\" class=\"rank-math-list-item\">\n<h2 class=\"rank-math-question \">How can I avoid getting back into credit card debt?<\/h2>\n<div class=\"rank-math-answer \">\n\n<p>Make a realistic budget; pay your statement balance in full each month; keep an eye on your spending; and create an emergency fund. Limiting credit card usage to necessary purchases can discourage the beginnings of new debt.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1785428173506\" class=\"rank-math-list-item\">\n<h2 class=\"rank-math-question \">Is debt consolidation a good option for paying off credit card debt?<\/h2>\n<div class=\"rank-math-answer \">\n\n<p>If it either reduces your interest rate, makes reconstruction of debts easier to follow, or helps achieve your long-term financial goals, debt consolidation may be a solution. Nevertheless, you will need to review the loan terms, fees, and monthly repayment obligations before deciding whether debt consolidation is the appropriate solution for your situation.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s never a better time to overcome your credit card debt by paying your balances to zero, but what exactly should you do to close out your credit card accounts once you\u2019ve paid those balances? Your initial reaction is to close all your credit card accounts after paying off your credit card debt. However, that [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":279776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2309],"tags":[4790,531],"edited-by":[],"class_list":["post-301733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit","tag-beem","tag-credit-card"],"acf":[],"_links":{"self":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/301733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/comments?post=301733"}],"version-history":[{"count":5,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/301733\/revisions"}],"predecessor-version":[{"id":301763,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/301733\/revisions\/301763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media\/279776"}],"wp:attachment":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media?parent=301733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/categories?post=301733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/tags?post=301733"},{"taxonomy":"edited-by","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/edited-by?post=301733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}