Struggling with $5,000+ in debt? These six smart shortcuts — from relief programs to hidden savings — could help you pay it off faster and keep more money in your pocket. (Shutterstock),
Debt (especially credit card debt) is an epidemic. And virtually everyone has it.
But if your debt is over $5,000, it becomes much harder to pay off because the interest payments on that amount prevent you from making any real progress.
Read our list of “debt shortcuts” below and pay off your debt faster.
1. Born before 1989? Credit card holders could get $40K+ settled for less than they owe
If you owe $30,000+ in debt and were born before 1989, nobody can really stop you from doing this. Definitely not the bank or credit card companies. And right now, it might be the #1 rule we think of to potentially resolve outstanding debt.
Truth is, companies who loan you money generate revenue from your debt. So it makes sense that getting out of debt wouldn’t really benefit them. Right? In other words … they probably won’t be screaming about this rule from the rooftops.
So … what is this rule?
If you owe $30,000+, it’s to check if you qualify for this private debt relief program. It’s called National Debt Relief, and it’s 100% free to check eligibility. And with credit card rates skyrocketing, Americans are taking advantage of it.
With the savings you could get, you could take a vacation, fund a business, pay for home renovations — almost anything. Too many people think debt relief programs are too good to be true, but National Debt Relief is one of the most effective and well-loved programs we’ve found.
They have 4.6/5 on Google, 4.9/5 on ConsumerAffairs, and 4.7/5 on Trustpilot, and have had 600,000+ enrolled clients receive and accept settlements on at least one enrolled debt. In fact, the total amount of enrolled debts that have received a settlement offer is more than $10 billion dollars!
Answer a few questions at the link below to check your eligibility for free. If you’re eligible, claim your spot for this debt relief program immediately.**
$40,000+ in debt and born before 1989: See if you qualify for this debt relief program
2.Pay off debt faster by locking in same-day savings on your car insurance
One of the fastest ways to get out of debt is finding pockets of money in places you didn’t even realize you could get it. Your car insurance might be one of those places.
Our tool can help you see if you’re overpaying for car insurance in just a few clicks.
You’d be shocked by the difference. $159 per month is what they wanted to charge me. thought that was the best price, don’t even look anywhere else. Right? Wrong.
I used our tool and now I’m able to pay just $51 a month for two cars. Too many insurance companies do this. They push up our rates and make us pay even more. But if you want to try this tool and compare and score same-day savings, here’s what to do:
- Click the link below and enter your zip code, date of birth, and phone number.
- Answer a few questions about your car’s make and model to get matched with top offers.
- You will get a phone call from an agent and they’ll set it up for you right away.
Compare rates now and score same-day savings today!
3. Don’t pay a CENT to contractors for home repairs until you do this
Sounds crazy. And maybe you’re not even sure if this is real. But … you’re probably curious anyway. Choice Home Warranty makes it so you might be able to save $100s in home repairs!
They’ve been around since 2008 (so you know they’re legit) and they offer affordable plans to cover appliances and systems in your home that could break down from routine wear and tear.
Think of it like this: Say your air conditioning unit breaks down during a heatwave. Instead of paying $1,500 for repairs, you may only need to pay a $100 service fee with Choice Home Warranty, and their techs come and fix it ASAP. This could save you $1,400 almost instantly!
Choose a plan here and you can still lock in their ultra-low 2024 rates (for a limited time). Then, whenever a covered system in your home breaks down, all you have to do is make your claim online or give them a call. Their team is available 24 hours a day, 7 days a week.
Choose a plan from Choice Home Warranty here and lock in 2024 rates
P.S. Use the links above and you’ll get $50 off and 1 month free. We don’t know how long this will last, so take advantage of it today before it disappears.
4. Earn up to $243 every time you win this viral game (iPhone users only)
Up to $243?! Sounds great, but maybe you’re not sure if it’s worth the effort … or if it’s even legit.
The truth is that playing games on your phone is a real way to earn money, and you can do it with Solitaire Smash. It’s a viral, solitaire-style iPhone game currently paying up to $243 per win.
To be fair, it’s not something you can get “rich” from. But … it could be worth playing whenever you’re just chilling on the couch or laying in bed. Every bit of extra cash is worth it, right? So stop wasting time with games that don’t pay, and get paid to win games instead!
Download the app here to get started (it’s free). Then play whenever you have free time, and you can earn up to an extra $243 with each win. Cash out using PayPal & Apple Pay any time you want.
5. Transfer your credit card balance and pay no interest for 21 months (yes, it is kind of remarkable)
Imagine getting rid of your credit card and high-interest payments. Sounds great — right? You could dramatically change your financial picture with some of the industry-leading low-interest cards and pay no interest until 2027 on balance transfers!
If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer high-interest debt to this card with a 0% intro APR for 21 months on balance transfers; balance transfers must be completed within 4 months of account opening). Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!
The best part? There’s no late fees and has no annual fee.
Click here to learn how to apply
6. Use your home’s equity to pay off credit card debt
Rocket Mortgage could help you consolidate your debt. You could pull money out of your home without a second mortgage or HELOC … meaning you could tackle your debt head-on while eliminating multiple monthly payments.
For example, let’s say you’re able to take out $50,000 with a cash-out refinance. You use $20,000 to pay off high-interest debt and $30,000 for home renovations, lowering your total monthly payments and increasing your home’s value. That’s a win-win.
See how much could be available to you: Visit Rocket Mortgage and click “Take cash out.” Then use the simple calculator to estimate how much cash you could get out of your home.
See How Much Cash You Could Get: Calculate Your Home Equity for $0
**Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 12 to 48 months. All claims are based on enrolled debts. Not all debts are eligible for enrollment. Not all clients complete our program for various reasons, including their ability to save sufficient funds. Estimates based on prior results, which will vary based on specific circumstances. We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. We do not assume consumer debt, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Not available in all states. Please contact a tax professional to discuss tax consequences of settlement. Please consult with a bankruptcy attorney for more information on bankruptcy. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating.
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved or otherwise endorsed by these entities.
We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information. Ultimately, you are responsible for your financial decisions. FinanceBuzz does not provide credit cards or any other financial products. FinanceBuzz.com does not make any credit decisions.
,
