If you’re feeling the burden of paying off your debt, don’t worry because you’re not alone. An estimated four out of five Americans carry some form of debt! This debt can include anything from high-interest rate credit cards, unpaid medical bills, student loans, or car payments.
Paying off debt doesn’t have to be impossible – but you need to have the right plan of action. It takes time to crush your debt – in some cases, a long time – but we’re here to help. We have compiled a list of three ways to get moving in the right direction toward eliminating the strain of debt.
Get personalized loan results (up to $50k) in under 2 minutes
If you have large amounts of debt, it may feel like the monthly payments suffocate every aspect of your life. Having several monthly payments can force you to live paycheck to paycheck, unable to save and afford anything above the bare minimum.
A personal loan could be the answer to minimizing stressful monthly payments. You can finally pay off all of your debt at once, get rid of sky-high interest rates, and slash your debt load into one manageable monthly payment.
There are multiple online sources for finding a low-interest personal loan. One of the best sources is NerdWallet. Their marketplace allows you to search for personal loans of up to $10,000 and offer interest rates as low as 5.99% – which is much lower than the average credit card rate of 20.64%.
Checking the website to see what you qualify for doesn’t affect your credit score. If you’re approved, you could get money as fast as the next day.
Get out of $10,000 or more in debt
If you have a lot of debt, it can often feel impossible to escape. Don’t procrastinate on checking your total debt amount; the longer you put it off, the harder it will be to fix. If you don’t take control of your debt early on, it can add undue stress to your life for years and only get worse. But what if there was a way to get out of debt once and for all?
Americor is here to help debt-ridden Americans. 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.
The best part is that there are no fees to use their service until your debt is resolved. Using this strategy, you could be debt free in as little as 24-48 months. It takes only a few minutes to fill out their short questionnaire and see if you qualify.
Get up to $500,000 cash out of your home
Whether you have to pay off debt or need to upgrade some features of your home, pulling cash out of your home could help. However, not all home equity loans are created equal. Tapping into your home’s equity can be a tricky and complicated process. If you’re not careful, you could add extra debt and increase your mortgage payments.
With Lending Tree’s large network of lenders, you can review up to five rate options in minutes. You can request whatever number you need; whether it’s $30,000 for a home improvement project or $500,000 to help fund retirement, Lending Tree is there to help you with your home’s equity.
Simply input your address here to begin the application process.