Credit and debt are a necessary part of most people’s lives. The key is having a plan to manage them. Here are a few tips from Cricket and Acorns to help you stress less and pay off more.


Carrying a balance on my credit cards will help my credit score.


MYTH. It can actually hurt your score. That’s because a big part of your score is your utilization rate—how much credit you’ve used compared to how much you have available. And it works both ways: cancelling a card you don’t use can also lower your score by reducing your available credit.

Ready to Decrease Your Debt? You Got This.

3 steps for getting out
of credit card debt

Deflect debt with prepay

Credit doesn’t have to be complicated

3 steps for getting out of credit card debt

1. Create a plan.
List out your debts and decide the best way to tackle them.  The ″avalanche” method means paying them down in order from the debt with the highest interest rate to the lowest. With the “snowball” method, you pay down from your highest balance to your lowest.

2. Consolidate your balances.
Transferring your high-rate card debts to one new card with a low- or no-interest promotional rate can make debt easier to manage and help keep the power of compounding from working against you.

3. Negotiate with your lender.
Calling your lender to ask for a better deal can pay off. A 2018 survey* found that by negotiating with their card issuer, 70% of cardholders got a card’s annual fee