Blog
>
Credit Cards/Personal Loans
>
Top 5 Ways to Pay Off Credit Card Debt Faster

Top 5 Ways to Pay Off Credit Card Debt Faster

Credit Cards/Personal Loans
January 24, 2025
On today's Ask Debbie, we talk about paying off debt faster.

Here's a question we get often:

"It really seems like paying off debt will take forever. How do I make the process faster?"

We know it feels like a long road ahead and that it's hard to see the light at the end of the tunnel. Besides rewarding yourself for wins along the way to stay motivated, here are our preferred ways of actually reducing the time you spend paying off debt.

‍

Top 5 Ways to Pay Off Debt Faster

1. Create a debt payment plan.

‍Choose whether you want to take the snowball (lowest balances) or avalanche (highest interest cards) method to pay off debt. The first may keep you more motivated, while the second will save you more in interest

2. Pay more frequently.

If you pay every time your paycheck comes in, you can make quicker steps towards your goal

sub_form

3. Get a side hustle.

See our list of side hustles here

4. Do a balance transfer or debt consolidation

It will reduce your interest burden and thus your time to pay off. See How to Pay Less Interest below for more details.

5. Reduce your spending.

See our list of spending reduction methods here.

6. Sign up for the Debbie app

The Debbie app rewards you for meeting your monthly debt payoff and savings goals, along with giving you money psychology tools. You can use that cash to pay off your debt faster! Sign up here.

‍

‍

To ask your own question and see it here, email us at ask@joindebbie.com or join our FB community.

‍

‍

Table of contents:
Link
Link
Share Article:
Try Debbie For Free
View all Articles

Related articles

Credit Cards/Personal Loans
ELGA Membership Perks We Love

When it comes to choosing a financial institution, the perks and benefits offered to members play a huge role in the decision-making process. ELGA Credit Union stands out as one of our favorites. Here are some of the ELGA membership perks we love…

March 6, 2025
⭐
Credit Cards/Personal Loans
CFCU Membership Perks We Love

When it comes to choosing a financial institution, the perks and benefits offered to members play a huge role in the decision-making process. Community Financial Credit Union (CFCU) stands out as one of our favorites, offering a wide array of membership perks to satisfy members’ financial needs and lifestyles. Here are some of the CFCU membership perks we love…

February 24, 2025
⭐
Credit Cards/Personal Loans
Credit Unions vs. Banks: Which One is Right for You?

When it comes to managing your money, where you do your banking matters. Two of the most popular options are credit unions and traditional banks. While both offer similar services, they differ in structure, purpose, and benefits. Here's a breakdown to help you decide which one might be the better fit for your needs.

February 18, 2025

Start earning rewards for reaching your goals.

Claim my first $5
Copyright © Debbie Inc. 2022 All Rights Reserved

* This information is estimated based on consumers who were active inside the Debbie app from 3/1/2022-7/1/2022.

‍

** APR is the Annual Percentage Rate. Your actual APR may be different. Your APR is based on multiple factors including your credit profile and your debt to income ratio. APR ranges from 9.99% to 16.99% and is determined at the time of application. Lowest APR is available up to a 36 month term, to borrowers with excellent credit. Conditions apply. Advertised rates and fees are valid as of 6/10/2023 and are subject to change without notice. Terms and Conditions apply. Debbie reserves the right to modify or discontinue products and benefits at any time without notice. Participating lenders, rates and terms are also subject to change at any time without notice. The information you provide to us is an inquiry to determine whether our lenders can make you a loan offer. If any of our lending partners has an available loan offer for you, you will be invited to submit a loan application to the lender for its review. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. We do not guarantee that you will receive any loan offers or that your loan application will be approved. If approved, your actual rate will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors.

Debbie does not provide legal, investment or tax advice. Information contained on this website is for information purposes only. It is not tailored to any specific user. It does not constitute investment advice in any way. Consult a qualified legal, investment, or tax professional.