Getting into large amounts of debt can prove to be one of the most frustrating situations. Not only do you have to worry about the debt itself, but you also might be paying extra for interest or even late fees if you’re behind on your payments. Fortunately, while getting out of debt might take longer for some than others, it’s a possibility. If you believe in yourself and work hard, these additional four steps will make getting out of debt a lot easier than usual.

Pay more than the minimum

Paying only the minimum amount on your credit card purchases will mean you’ll be paying extra as interest rates are tacked on. Depending on your credit score, those interest rates can quickly make paying only the minimum balance not worth it in the long run. Not only that, paying a little more on your balance will help you get out of debt faster. Even better, paying more than the minimum will lower your credit utilization rate, ultimately making you appear more attractive to potential lenders.

Sell your unwanted possessions

Part of getting out of debt fast is finding ways to make more money. Among the fastest options available to sell unwanted items is eBay, a garage sale, Amazon, or anywhere else online, where you can sell your unused possessions. Old devices, classic toys, collectibles, books, magazines, and even furniture can quickly add chunks of cash to your bank account that you can use to pay off high amounts of debt faster. The added benefit is that you can price these items as high or low as you want, meaning you can control the amount of money you make if you start  selling

Find a remote job

While taking on a second job is always a way to make more money, finding a remote job, in particular, will help you generate more money, all while enjoying the convenience of working from anywhere you want. The top remote jobs may see you working as a freelance writer, virtual assistant, or data entry clerk, among others. With so many sites available to find remote jobs, you can soon find a position that lets you work from home, so you can still commit to your original job.

Apply for a personal loan

Applying for a personal loan is a good idea if you want to consolidate your debt and lower your interest rates. By taking out a personal loan with lower interest rates, you can pay most or all of your credit card debt and from there, pay less overall than you would with higher interest rates. As long as your credit score is within the lender’s preferred range, you can get a sizable loan that can take care of your problems right away. Getting a personal loan also means you only have to pay one lender at once. One payment at a time is helpful if you’re someone who’s missed a few payments in the past.

Taking steps to get out of debt will give you the freedom and comfort you need to live with financial security. Whether you apply for a personal loan, find a remote job, or sell what you don’t need, it’s clear that finding ways to make more money is the solution to getting out of debt fast. Remember David Geithner and his number one rule regarding minimum payments. Pay more than you and keep making money. Those are the keys to getting out of debt fast.

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