Credit card debt eradication can serve multiple benefits for you. By eradicating your debt, you will not have to fret over paying those high interest rates that are part and parcel of the lives of anybody having considerable debt. It also gives you good-looking FICO scores, which are essential for a better living standard.
You can understand the impact debt can your FICO scores by considering the fact that around 65% of your score will be determine by two factors, which are utilization and repayment history. A good FICO score will be instrumental in determining how eligible you are for a mortgage or and how qualified you are to credit cards.