Pay down: As we said earlier, it makes sense to pay off high-interest debt (private student loans above 8% interest) first, especially if you cannot deduct the interest. Toss up: It may be beneficial to pay down medium-interest-rate debt, such as Direct PLUS and Direct Unsubsidized loans for undergraduate and graduate students, in certain situations and not others.Advertiser Disclosure. Balance Transfer, Pay Down My Debt The Fastest Way to Pay Off $10,000 in Credit card debt. monday, April 22, 2019. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone.Check the interest rate section of your statements to see which credit card charges the highest interest rate, and concentrate on paying that debt off first. Pay off the card with the smallest balance first, then take the money you were paying for that debt and use it to pay down the next smallest balance. Learn more strategies for paying down.No matter what kind of debt you’re in, paying it off can take years – or even decades – to get out of debt. Fortunately, some strategies exist that can make paying off debt faster – and a whole lot less painful. If you’re ready to get out of debt, consider these tried-and-true methods: 1. pay more than the minimum payment.
This video, https://www.youtube.com/watch?v=IM22I7mLgiU, can also be seen at https://www.youtube.com/playlist?list=PLTx3w83VgCFs4R8QYVT1G6iKg5kkMXPJZ.We are going to teach you how to pay off debt fast, in a way that has mathematical advantages. Just keep in mind that "fast" here is a relative term. You won’t close out individual accounts at lightning speed, but this method will help you become totally debt free in the fastest way possible.When it comes to paying off debt, one of the most important things you can do is pay it off quickly. That reduces the level of interest you need to pay, and it can save you a lot of money in the long.4. I used shopping portals that pay you back for every purchase. I wouldn’t have been able to pay off debt quickly-if ever- if I spent a lot of money. That said, when I did have to spend money, I looked for rewards programs that would pay a fraction of my purchase back. eBates is perhaps the best known.Hailey and Hannah Hager have always loved to give back. The Lexington, North Carolina sisters sell lemonade to raise money to.