The Best Ways To Get Out Of Debt Fast

We all know that life throws us a curve ball now and then with an unexpected expense we never saw coming. Things like medical bills, emergency home repairs, car repairs, student loans or a sudden job loss can throw the finances way off track… and fast! The sad truth is that we are a nation in debt and a good percentage of Americans spend more than they earn each month and use credit to bridge the gap. This seems like the perfect topic to explore in today’s blog, and it’s the reason we wanted to share with you a few ways to get out of debt fast.

(1) Pay more than the minimum payment.

I guess this might be a no brainer … if you can swing it. But if you only make the minimum payment and don’t ADD to the balance it could take a long time to pay off that balance due. Not only will you save on interest throughout the life of your loan, but you’ll pay off the debt faster.

(2) Pick up a side job.

It goes without saying that earning more money will speed up the process and help you to get out of debt fast. There’s always a skill or talent you can use to turn some extra hours into extra cash. The key is to use any extra money to pay off the debt.

(3) Stick to a bare-bones budget.

If you really want to get out of debt fast you need to take a good hard look at your expenses and see where you can cut down on your spending. This budget should be devoid of those extra items you treat yourself to, like eating out, entertainment, luxury clothing and accessories or travel. This will only be temporary until you get out of debt, at which point you can begin to add back discretionary spending back into your monthly plan.

(4) Ask for lower interest rates on your credit cards.

You may not be aware of this, but negotiating a lower interest rate with your card issuer is quite commonplace. And if you have a decent enough credit rating there’s a good possibility of getting a lower interest rate. You may also be able to negotiate down on other types of bills as well, such as your cable or satellite TV bill, your car insurance, and even medical bills.

(5) Enter to win the Publishers Clearing House Sweepstakes.

Now, I’m not saying this is a surefire way to win enough money to pay off your debt fast, but it could give you a chance to win big! And it’s free to enter! Check out PCH Prize Winners who were able to pay off their bills and then some!

Whether you have financial struggles or not, you have nothing to lose, right? If you were to win, you’d have absolutely everything to gain. Your life would change dramatically and your debt would dissolve and become a thing of the past! Especially if you won our PCH SuperPrize guaranteed to be awarded on February 28th. This one pays out $5,000.00 A Week “Forever”. What does that mean? The lucky winner will get $5,000.00 a week for their lifetime and after that, those $5,000.00 weekly checks would continue for the life of someone the winner chooses. It’s an incredible prize that pays off for two lifetimes, guaranteeing financial security for what could be years and years to come. It could be the answer to your prayers, so be sure to enter today. And check out our Sweepstakes page for even more prizes just waiting to be won!

Jane M.
PCH Creative

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