If you have credit card debt, you're paying the minimum payments, watching your balance grow and spiral out of control.

@mckenzie.mack

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SoundTikTok sound · original sound - mckenzie.mack

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NerdWalletnerdwallet.com

3 videos3 creators

Why it worked

The video uses a relatable, high-stakes financial pain point and provides a clear, actionable mathematical comparison that makes the solution feel tangible and urgent.

Summary

The creator explains the financial benefits of debt consolidation by comparing high-interest credit card debt to a lower-interest personal loan. She uses a visual metaphor of mixing coffee to illustrate the accumulation of interest and directs viewers to NerdWallet to explore their options.

Structure

1Identify the problem of credit card debt
2Use a visual metaphor for interest accumulation
3Present a concrete financial example
4Explain the solution of debt consolidation

Original caption

Have credit card debt? You have options to get ahead. Visit nerdwallet.com today!

More from @mckenzie.mack

Product placement

NerdWallet is mentioned as the resource to find debt consolidation options and is displayed on screen as a URL.

Call to action

Visit nerdwallet.com today.

On-screen text

Credit Card Debt If you have credit card debt, you're paying the minimum payments, watching your balance grow and spiral out of control. $15,000 (30% APR) Credit Card Debt $375/MO INTEREST (5.99% APR) Personal Loan $90/MO NerdWallet is not a lender. Not all individuals will qualify for the full amount or lowest available rates. Rates for poor or fair credit can be over 36%. Example based on typical balances and rates. Actual savings vary. Rates and savings depend on credit and lender. Estimated savings assumes consolidation of $15,000 in existing debt with APRs of approx. 14-26% into a same loan at 7% APR. NerdWallet Compare, Inc. NMLS 1617319. https://nerdwallet.com/nmls-access-org/. CA, PA, Lender loans per DFI. FHA Lenders Lic 60890-24812 Visit nerdwallet.com today.

Transcript

If you have credit card debt, you're paying the minimum payments, watching your balance grow and spiral out of control. I need you to know that you have options to get ahead of it. For example, if you have $15,000 of credit card debt at 30% APR, you're paying an upwards of $375 a month just in interest. With debt consolidation, you may be able to take out a personal loan at a fixed rate from 5.99% APR. In this case, that would reduce your interest payments by around $300 a month, allowing you to finally make progress on your debt instead of drowning in interest. Of course, rates vary person to person. If you want to look into your options to consolidate credit card payments and help pay them off faster, visit nerdwallet.com today.