Debt is a universal struggle. High interest credit cards, hospital bills, or student loans, car payments — everyone knows the challenge. If you feel like you’re drowning in it, you’re not alone. A recent study shows that over 80% of Americans are in debt.
So how do you get out of it?
Crushing your debt is easier than you might think, as long as you have the right plan. It'll take some work and dedication, but we're here to help. Below you'll find 5 clever ways you wouldn't normally consider to help you crush your debt.
Imagine how great it will feel when you no longer have it looming overhead!
Cancel your car insurance
We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.
This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.
Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.
Get personalized loan results (up to $50k) in under 2 minutes
If you have thousands in debt and you’re barely making it paycheck to paycheck, you know how suffocating it is. Debt is always on your mind. It controls your life. And even if you make on-time payments, they’re so expensive that you have nothing left over.
A personal loan could help you get out of this situation and lift your monthly debt burden significantly. You could finally pay off all of your debt at once, get rid of the sky-high interest rates, and slash your debt load to one manageable monthly payment.
NerdWallet is a marketplace where you can find personal loans of up to $10,000 with rates as low as 5.99%. That’s better than most credit cards. And easier than draining your bank account every month. Seeing what you qualify for doesn’t affect your credit score, and if you’re approved, you could get money the next day.
Get out of $10,000 or more in debt
If you have a lot of debt, getting out of it can feel stressful (and nearly impossible). Here’s the problem: the longer you put off tackling it, the harder it gets to fix. If you don’t take control of it early on, it can add undue stress to your life for years. But what if there was a way to get out of debt once and for all?
National Debt Relief could help. If you have more than $10,000 in debt from credit cards, medical bills, collections, or personal loans, their representatives might be able to assist you in consolidating your debt into one low monthly payment.
Best of all? There are zero fees until your debt is resolved, and you could be debt-free in 24-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!
Pay no interest until September 2024
Imagine getting 18 months with 0% interest on a balance transfer or a big purchase. Sounds great — right? What if you could also extend the intro APR by an additional 3 months by making on-time minimum monthly payments? It's possible with this industry-leading card — the Wells Fargo Reflect® Card Rates and Fees.
If you want to kick high-interest credit card debt to the curb, this is one of the best get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for up to 21 months from account opening on qualifying balance transfers. 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!
It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for up to 21 months from account opening on purchases. After the intro period for purchases and balance transfers, then APR is 16.74% - 28.74% variable.
The best part? There's no annual fee.
Get up to $10,000+ … $50,000+ … $100,000+ out of your home
Are you a homeowner who needs cash now? AmeriSave 3 could help you get the cash you need out of your home’s equity.
How: A cash-out refinance. (And the process is easier than you might think.)
The amount of cash you could get — as much as $10,000, $50,000, $100,000 or more — depends on how much equity is in your home. Use this tool, enter a bit of info, and see how much you qualify for!
You’ll still have monthly payments like before, but with a cash-out refinance, you’ll have a low-interest way to borrow cash that helps consolidate debt, pay for home improvements, or even take a vacation. Enter your home address here to see how much you could get.
Ask this company to pay off your late tax debt
Past-due tax debt is overwhelming.
It weighs on your mind and causes massive anxiety. You end up emotionally and physically drained. Even worse when the IRS starts sending letters threatening wage garnishment and huge fines.
Easy Tax Relief is designed specifically to help you get out of tax debt faster and could even eliminate or reduce some of the debt you owe.
While most tax companies just put you on a payment plan and file your taxes for you, Easy Tax Relief talks to the IRS directly. They can help you pay off your tax debt faster while potentially reducing what you owe.
Important: Not everyone will qualify. To take advantage of this special program you must owe more than $10,000 in past-due taxes.