empower logo

Learning Center

Please enable Javascript for use with this site.

Empower Retirement - Learning center - Spending - Manage your credit cards

Manage your credit cards

Debt not only can impact your budget today, but it can also affect how much you save for your future.

Discover ways to shrink your debt. Get help if you need it. And break the debt cycle.

Making minimum payments on $10,000 in debt, at a 15% interest rate, would take just under 28 years to pay off and cost almost $12,000 in interest.*

how much borrowing could cost you image

* For illustrative purposes only. Assumes $10,000 debt and 15% interest rate.

Your countdown to reducing debt

This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.