Are You Carrying Too Much Debt? How to Tell & How WyHy Can Help

Debt happens. Whether it’s a car loan, credit card, student loans, or unexpected bills, almost everyone has some form of debt. But how do you know when it’s become too much?

According to Bankrate, here are some red flags that your debt might be tipping into dangerous territory:

You can only afford to make the minimum payment on your credit cards.
Your credit score is dropping, and you’re having trouble qualifying for new credit.
You feel stressed, overwhelmed, or in denial about your financial situation.
You’re avoiding your bills or skipping payments altogether.

If any of those sound familiar, you’re not alone, and WyHy is here to help.

Ways WyHy Can Help You Take Control of Your Debt:

Free Financial Counseling through GreenPath: We’ll help you take a close (but judgment-free) look at your budget and build a realistic plan to tackle debt. Whether you’re a spreadsheet guru or allergic to numbers, we’ll meet you where you are.
Lower Interest Rates on Balance Transfers: Carrying a balance on a high-interest credit card? Consider moving it to a WyHy Visa® with no balance transfer fee, no over-limit fees, and a low interest rate. Switching to a low-interest WyHy card can give you breathing room to pay down the balance faster, without the heavy interest dragging you down.
Skip-a-Pay Program: Need short-term relief? If you qualify, you may be able to skip a loan payment and use that money to catch up on other expenses. We get that life happens, and we’re not here to make it harder.
HELOCs for Strategic Payoffs: If you own your home, a Home Equity Line of Credit (HELOC) might offer a lower interest option to pay off higher-rate debt. It's not for everyone, but it can be a smart move with the right guidance.

You Don’t Have to Figure It Out Alone

The most important thing to remember: asking for help isn’t a sign of failure, it’s a step toward freedom. Our team is here to support you, not to sell to you. We’ll look at your situation with fresh eyes and give you real tools to get out of the debt spiral.

Stop by a branch, call us, or schedule a financial check-up today.

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