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ChapterFor households 55+

Living On Social Security And Credit Cards?

Some Americans over 55 are reducing monthly debt payments through structured repayment programs.

  • Lower Monthly Payments
  • Debt Payoff in as Little as 36–48 Months
  • No Upfront Fees
See Available Programs

Checking options is free and will not affect your credit score.

Woman in her 60s at a desk reviewing a credit card statement with a calculator and pen

Available programs

Two ways to organize credit card debt

Programs and rates are offered by lending partners; eligibility and terms vary.

Debt Consolidation LoanOne fixed monthly payment replacing multiple credit-card balances. Compare offers from lending partners.Credit Card RefinanceRoll high-APR credit-card balances into a single lower-rate loan.

How it works

No phone calls, no aggressive scripts — just clearer numbers so you can decide.

1

List your card balances.

Add up what each card carries today. Even a rough number helps you compare what could fit a fixed-income budget.

2

Compare consolidation options.

See monthly payment, APR, fees, and term length side by side from BorrowBetter's lending partners.

3

Choose only if the math helps.

A lower payment can still cost more over time if the term is longer. Move forward only when the numbers actually work for you.

See Available Programs

FAQs

˅Will this affect my Social Security?

No. Social Security income is not impacted by checking debt consolidation options or by enrolling in a structured repayment program with a lending partner.

˅Does checking my options affect my credit score?

No. Checking options through this page is a soft inquiry and does not affect your credit score. If you choose to continue with a lending partner, that partner may request a hard credit inquiry later.

˅What if I'm only making the minimum payments?

Minimum payments on high-APR credit cards can keep a balance stretched out for years. A consolidation loan with a fixed term and rate may shorten that timeline — but only if the APR and total cost actually come out lower. Compare both before deciding.

˅Is there a fee to check?

No. Checking options on this page is free. Lending partners earn a fee from the lender if you accept and fund a loan; that fee does not come out of your pocket up front.

Ready to compare your options?

Pick a program above to start. It is free, takes about two minutes, and will not affect your credit score.

See Available Programs