11 Simple Ways To Pay Off Credit Card Debt Without Going Insane

Ashley Rogers
April 15, 2019
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Credit card debt can so often seem like a hole people can’t dig their way out of and that’s the way the credit card companies like it. Interest charges every month make it almost impossible to make a real dent in how much someone owes when they are only paying off a little bit at a time.

Many personal finance experts point out that someone will end up paying double their credit card balance because of interest over time if they only make the minimum payment each month. Yikes is right.

Before you have a heart attack thinking about this, take a deep breath because we have some proven ideas for how to pay down credit card debt faster. Even just doing a few of these things will make a big difference.

1. Credible – See how much debt consolidation could save you

The first thing you need to do to get out of debt is to understand the different ways of doing it. We’ve found that consolidating debt to get a lower interest rate is often the best choice for people. The less money you pay in interest, the better.

Debt consolidation isn’t as complex as it sounds. All you’re doing is borrowing money at a low-interest rate and using it to pay off high-interest debt. That means your monthly interest repayments go down and there’s only one bill to pay each month. Simple but effective!

If you want to see your how much debt consolidation could save you, check out Credible. Credible lets you search all the top online consolidation and refinancing options for free. You can check your potential savings and pre-qualified rates in two minutes. The best part? It is completely free to use. No gimmicks, no hidden fees.

The loans offered are between $1,000 and $100,000 with rates starting at 4.99%, much lower than any credit card available. People with a credit score of 660 or above get the best rates.

Check your savings

2. Credit Sesame – Improve your credit score to get out of debt faster

Knowing your credit score is essential if you want to get out of debt. Why? Because it’s a little known fact that a bad credit score can keep you stuck in debt and cost you money. To check your credit score for free, sign up to Credit Sesame.

Here’s just some of the things Credit Sesame can do for you, all for free:

  1. Access your credit score and credit report instantly.
  2. Safeguard your credit with free credit monitoring and ID protection.
  3. Get a detailed breakdown of what is affecting your credit and how to better it.

A good credit score can get you access to the absolute best rates, best lines of credit and even a better job! Checking your credit score and improving it is essential if you want to get out of debt fast.

Sign-up for Credit Sesame today and stop letting your credit score cost you money every month.

Check your credit score

3. Fiona – Pay off debt instantly with a personal loan

Another debt consolidation option we highly recommend is Fiona. By comparing rates across multiple services you can find the absolute best deals for you – that means the most money saves and getting out of debt faster.

Using Fiona is easy. Here’s how:

  1. Just fill out a simple three minute form to search all the top personal loan providers.
  2. Get matched with top loan providers based on your info and see how much debt consolidation could save you.
  3. Choose the offer with the best terms for you and, if approved, get your funds or new account right away.

It might seem counter intuitive to get a personal loan to cover credit card debt, but some people are able to get a much lower interest rate by doing this, and are thus able to save big on their monthly payments, as well as over time on interest payments.

The loans offered are between $1,000 and $100,000 with rates starting at 4.99%, much lower than any credit card available. People with a credit score of 660 or above get the best rates.

See if refinancing can help

4. Truebill – Find money leaks in your bank account

One of the easiest (and worst) ways to get stuck in debt is to lose track of where your money going. With more and more bills becoming automatic charges, staying on top of them can be really hard.

Enter Truebill, an app that organizes all of the bills you’re paying for in one place so you can see exactly where your money is being spent. The app does this by analyzing your spending patterns when you link a bank account or credit/debit card. If you see a subscription you’re don’t need anymore, don’t really use or just straight up didn’t know you were paying for (yeah, all those free trials expire people) you can cancel them directly through Truebill with the click of a button.

Free up money you’re spending on unnecessary subscriptions using Truebill. That’s easy money that can go towards credit card bills.

Free up money now

5. Ibotta – Cut your grocery bill in half

To come up with more money to put towards a credit card people have to attack their basic expenses, and there is no more basic expense than groceries (hey, we all have to eat). The easiest way hundreds every month on groceries is using Ibotta.

Here’s how it works:

  1. First, download Ibotta.
  2. Check what deals are available on the app.
  3. Take a picture of your shopping receipt.
  4. The app scans your receipt for deals instantly added cash to your account when it finds one. It works at pretty much every major store including Whole Foods, Costco and Target too.

Our favorite deals include earn 25c for buying any item, earn up to $5 for buying beer and wine, earn $2 for buying bread and earn $1 for buying milk.

Still on the fence? Ibotta is offering up to a massive $20 in free welcome offers for new users! Seriously, you need to try this one.

Get paid to grocery shop now

6. Save hundreds of dollars on car insurance

A personal finance hack that most people don’t know is what a huge benefit there is to changing car insurance every 12-months. Car insurance is a competitive industry and companies are fighting for your business. That means more money in the bank for you. And more money to put towards a credit card debt.

Here’s where to get started making the switch:

  • Gabi: Gabi shops for the best car insurance deals for you – helping customers save $720 per year on average. All you need to do is connect your existing insurance policy and provide your driver’s license number. In minutes, you’ll get different options that you can switch to.

Check your savings

Lower your car insurance

7. Arcadia Power – Save 17% on your power bill starting today

Who out there hasn’t gotten their electricity bill in the mail and wondered why it is just so expensive? Tip: You can actually save the planet and save on your utility bill at the same time.

We have a little hack to do just that: Arcadia Power.

Connect your utility account to the Arcadia platform, and Arcadia does the hard work for you to make sure your electricity is coming from renewable energy sources.

The best part about signing up for Arcadia Power, though, is that you’ll end up saving money by sourcing your home’s energy from wind and solar.

In states with electricity choice, people using Arcadia Power save 17% on average on their utility bill. That’s savings that could be used immediately to pay down credit card debts.

Sign up for Arcadia power and have more money each month to put towards a credit card! 

Lower your electric bill

8. InboxDollars – Remember, every extra dollar counts

It’s so important for people to look for little ways to make extra money when they are paying down debts. Taking paid surveys online or doing market research doesn’t pay a fortune but you can do this stuff while you are hanging out at home and watching TV. Our favorite ways to make money is with InboxDollars.

InboxDollars is a market research company that’ll pay you top dollar for every survey you complete and they let you cash out quickly. If you need money right now, taking three surveys with InboxDollars is the quickest way. Sign up here to get a $5 instant signup bonus.

Join inbox dollars