4 Easy Ways to Reduce Your Credit Card Debt
Joy Wallet is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation.
Are you stuck with some credit card debt on a card that’s charging you very high-interest rates?
It happens, and it’s not fun.
But why should you be forced to pay crazy high-interest rates like that?
Lending rates are the lowest this country has ever seen, with treasury rates almost at 0%!
Don’t worry, we got you covered.
Here are four of our best ways to help you get rid of those credit card balances fast.
1) Consolidate Your Credit Card Balances At A Lower Interest Rate
Are interest payments quickly becoming a large portion of your monthly expenses due to high credit card rates and fees? Fiona can help.
Fiona pre-qualifies consumers for personal loans, student loans, credit cards and other financial services.
If you need to consolidate your credit card balances quickly, Fiona can pre-qualify you for personalized loan offers in less than a minute based on your needs and creditworthiness.
People with credit scores as low as 580 can get unsecured loans from $1,000 to $100,000. Terms generally range from 24 to 84 months.
Best of all, they’ll move your credit card debt over to a loan with a much lower interest rate!
You fill out a simple form with Fiona’s tool and you will be presented with curated offers from its secure providers in seconds. Loans can be searched for based on loan amount, purpose, location, and your your credit score. These include, but are not limited to debt consolidation, credit card refinance, home improvement, or a large purchase.
You then review the offers and choose one that has the best terms for you. If your loan is approved, you can get the money as soon as the next business day.
2) Improve Your Credit Score
Her credit was a total mess before she found Credit Sesame, with a lot of false marks against her credit report that ultimately hurt every piece of her financial profile.
She ended up signing up for free at Credit Sesame, followed their advice, and soon raised her score to over 700!
Here’s exactly what she said below:
Want to know the best part? It’s 100% free.
That’s why Credit Sesame is a credit score savior.
Not only do they help you track your debt, but they also provide users with personalized steps to help you fix your credit score and keep it in good standing.
From there, they can make you recommendations on lower APR credit cards so you can slowly get away from your high fee credit card, and over to one that will charge you a lot less!
3) Refinance Your Student Loans
When was the last time you checked the interest rates you are paying on your student loans?
It’s probably MUCH higher than the current rates they are offering to refinance existing student loans!
Once again, Fiona is here to help.
Fiona can matches your credit profile with the ideal lender at the lowest possible rate. Just enter your information and this groundbreaking technology does the rest. No more sifting through 100 lenders and applications, risking your privacy and wasting your time.
Stop paying old, high interest rates on your student loans.
4) Save Up To $720 A Year On Your Car Insurance
We're all stuck at home social distancing and driving less because of the recent restrictions put on us. As it turns out, now is actually the perfect time to save money on your car insurance.
When it comes to car insurance, we want the lowest rates and the highest quality providers.
Well that’s exactly what attracted us to Savvy.
Beyond the incredible amount of savings you get, Savvy separates itself from the pack by making it fast, simple and easy to get the right car insurance at the best price.
It’s the quickest way to check if you’re paying the lowest possible rate on your car insurance and if there are other companies that can do better.
Savvy uses its proprietary technology to scan your current policy and find if other rates on the market can beat it. Now you don't have to sift through many car insurance providers and aggregators to find the best price.
What can be easier than that?