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You’re ready to be out of debt. Sounds like the understatement of the century, right? You can’t wait to be debt-free. But you feel like you’ve tried everything. And everywhere you turn, your debt is still there — impacting just about every area of your life.
But we’ve got a bunch of strategies you probably didn’t realize you could use to help you pay it off.
1. This Website Helps Wipe Out up to $50K of Credit Card Debt
Imagine waking up with no credit card debt. Whether you’re stressed about being in debt forever or you’re just sick of the extra monthly bill, this would be a huge relief.
Impossible, right? But with help from a free website called AmOne, you could wipe out all of your credit card debt by the end of the week.
It will match you with a low-interest loan to pay off all your credit cards at once. Its interest rates start at 3.49% — way lower than the 20% or more you’re probably paying your credit card company. That could save you thousands in the long run.
Plus, you’ll be debt-free that much faster.
AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.
It takes two minutes to see if you qualify for up to $50,000 online.
2. This Website Will Tell You What Bills To Pay Off First
One of the toughest parts about paying down your debts is simply knowing where to begin.
Which of your credit cards are carrying a balance? Is your name attached to any unpaid loans? Are you behind on medical or utility bills you didn’t know about?
That’s where a free website like Credit Sesame can help. It takes about two minutes to sign up and access your free credit score. From there, Credit Sesame will outline your debt — exactly what you owe and to whom — and offer personalized recommendations. It’ll even break down the interest rates and minimum monthly payments attached to your bills.
Armed with this intel, you’ll be able to more easily devise your payoff plan. Do you want to use the debt avalanche method, where you’ll pay off your highest interest rates first? Or maybe you prefer the debt snowball method, where you start with the smallest balances first.
You can continue to use Credit Sesame to keep track of your progress and hold yourself accountable. And, hey, it might be kind of fun watching your credit score react to all your hard work!
It takes two minutes to get started with Credit Sesame.
3. This Research Company Will Pay You up to $225/Month to Watch Videos
What if we told you a research company would pay you to watch cooking videos on your computer?
It’s too good to be true, right?
But we’re serious. InboxDollars will pay you to watch short video clips online. One minute you might watch someone bake brownies and the next you might get the latest updates on Kardashian drama.
All you have to do is choose which videos you want to watch and answer a few quick questions about them afterward.
No, InboxDollars won’t replace your full-time job, but it’s something easy you can do while you’re already on the couch tonight wasting time on your phone. Plus, it’s extra money you can put toward paying down your debt. Everything helps.
InboxDollars won’t completely pay off your credit cards, but it’s possible to earn up to $225 per month watching these videos.
It’s already paid its users more than $56 million.
It takes about one minute to sign up, and you’ll immediately get a $5 bonus to get you started.
4. Cancel You Car Insurance
The experts will tell you to cut every single unnecessary purchase out of your life so you can pay off debt. The fancy coffee. The avocado toast. The dinner out. They’ll even make you feel guilty about it.
Sure, it is important to limit your fun spending. But the truth is, when it comes to cutting expenses, you have bigger fish to fry — like your car insurance.
You’ve probably been overpaying on car insurance for years, but a company called Gabi helps people get an average of $825 back in their bank account. That’s money that could be used to pay off your credit cards.
Gabi has the relationships with insurance companies to make sure they stop ripping you off and they’ll reach out to over 40 different companies to see who will give you the best deal without changing your coverage.
You don’t have to make any calls or fill out any forms. It takes two minutes to see how much Gabi can put back in your pocket. And the best part? You never have to think about this again. Gabi will keep on doing this for you — for free.
5. Use This to Make a Dent in Your Credit Card Debt
Homeowners: Did you know your home, even if it’s not paid off yet, could help you escape credit card debt?
You might consider tapping into your home’s equity — that’s the money you’ve paid toward your mortgage — through a lender like Figure. The idea is to borrow money from your home’s equity to pay your credit card balance in full.
This might feel like you’re simply transferring your debt, but you’ll wipe out those high-interest rates (the average these days is 17.14%, according to the Federal Reserve), which will get you on a faster track to that debt-free life.
It takes five minutes to check your rate. If you like what you see and your application is approved, Figure could initiate funding of your loan within five days.
6. See if You Can Get Free Money From This Company
Here’s the deal: If you’re not using Aspiration’s debit card, you’re missing out on extra cash. And who doesn’t want extra cash?
Yep. A debit card called Aspiration gives you up to a 10% back every time you swipe.
Need to buy groceries? Extra cash.
Need to fill up the tank? Bam. Even more extra cash.
You were going to buy these things anyway — why not get this extra money in the process and put it towards paying off your debt?
Enter your email address here, and link your bank account to see how much extra cash you can get with your free Aspiration account. And don’t worry. Your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”
7. Stop Wasting Hundreds on Homeowner’s Insurance
You’re probably wasting money right now. And it’s probably on something you’d never expect — your homeowners insurance policy.
This isn’t something you actively think about. You just know you’re required to have it, so you’re stuck with it forever, right?
Wrong. The problem is, you’re paying too much and that’s money that could go towards your debt. Luckily, an insurance company called Lemonade makes it easy to find out how much you’re overpaying.
Lemonade’s policies start at just $25/month. And just because you’re saving money doesn’t mean you’re skimping on coverage. Lemonade will make sure you have what you need.
Just answer a few questions about your home to get started.
8. Make a Dent in Your Credit Card Debt Every Time You Buy Toilet Paper
Grocery shopping was never exactly pleasant. But these days, it’s a downright struggle. Fighting crowds; keeping six feet of space — just buying toilet paper is a feat. Shouldn’t you have something to show for it?
A free app called Fetch Rewards will pay you just for buying toilet paper and more than 250 other items at the grocery store.
Here’s how it works: After you’ve downloaded the app, just take a picture of your receipt showing you purchased an item from one of the brands listed in Fetch. For your efforts, you’ll earn gift cards to places like Amazon or Walmart.
You can download the free Fetch Rewards app here to start getting free gift cards. Over a million people already have, so they must be onto something…
1 Refinancing at a longer repayment term may lower your monthly loan payments, but may also increase the total interest paid over the life of the loan. Depending on your cash-out amount, your monthly payments may increase, even with a lower APR.
2 To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Figure Lending LLC is an equal opportunity lender. NMLS #1717824 – NMLSCONSUMERACCESS.ORGTerms and conditions apply. Visit Figure.com.