The power of paying more

Hitting the minimum monthly payment keeps you in good standing – but you're stepping it up now, so let’s raise the bar. Even a few extra dollars may help you chip away at debt faster and give your credit score a boost.‍

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Money wins that pay

Minimum payments keep things chill – no late fees, no missed payments. And when it makes sense to you (because life happens), adding a little extra can shave down interest, speed up your payoff and score you some financial wins. Small moves, but impact.‍

• You’ll pay less interest – each extra dollar shrinks your actual debt and the amount of interest charged over time.
• Lowering your credit utilization ratio may boost your creditworthiness and score.*
• Small changes, bigger payoff – you’ll lower your debt sooner and gain peace of mind.

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Small adjustment, wallet approved

Let’s put it to the test. Say you have a $10,000 loan with 18% interest. Here’s an estimation of how much you may pay overtime.

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What changed? Same loan, same rate – just slightly higher payment with a bigger payoff.

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Your superpower move

You don’t have to double the monthly minimum. Throw in as much cash as you’re comfortable with to boost your financial health. It’s the payoff that keeps paying.

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_{*Land of Lincoln Credit Union, Three Reasons Why You Should Always Pay More Than the Minimum}

_{Exeter Finance LLC is not a credit repair agency or licensed credit counselor. Exeter does not offer services to fix or improve credit scores. These tips are intended for general educational purposes and should not be construed as legal, financial, or credit repair advice.}