Monthly Home Newsletter

Dated: February 25 2024

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Brought to you by
Melissa Moya
Cell: 720-302-3859
I put the REAL in Realtor!
Weichert Realtors® - Image
6705 Academy Rd NE
Suite A
Albuquerque, NM 87109

Paying Loans With a Credit Card

Using a credit card to pay off loans can be a strategic financial move, but it's important to weigh the benefits and potential risks.


  • Paying off your debt with a credit card may provide points toward rewards or cash back.
  • If you have multiple loans, it may make more sense to consolidate them into one monthly credit card payment.
  • Using a credit card to reduce debt can simplify your monthly payments, making it easier to track debt.


  • Credit card interest rates are typically higher than other types of debt. It may not be wise to pay off a lower-interest loan with a higher-interest credit card.
  • Your credit score could be lowered if you utilize a large portion of your available credit or apply for a new credit card to pay off other debt. 
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Melissa Moya

Melissa Moya is a Realtor in Albuquerque, NM and the surrounding areas. She has a passion for real estate and loves helping her clients achieve their goals. Whether you are a first-time homebuyer, an ....

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