How can a person get help paying off their bills quicker?

Answer 1

Depending on which bills you have, you could begin making payments every 2 weeks instead of once a month (paying half the amount which is due.) Then the first half will be applied sooner and less interest will accrue. They do that a lot with mortgage and auto loans, but I've seen it done with credit cards, too.

You could call your credit card companies and ask them if they could reduce your interest rate. They don't always do this, but they do sometimes. Then more of each payment would go towards principle.

You could pay more than the minimum payment. That would pay it off faster. Some also say to make higher payments to the cards that have higher rates until they are paid off, then move to the card with the next highest rate, etc.

There are credit counseling places that will work out a payment plan with the credit card companies. Tread very carefully there are a lot of disreputable ones out there.

And finally, yes, you could get a second job which would give you additional income to apply to the bills.

Answer 2

Pookie had several good suggestions, and I have a few more that (depending on your personal situation) may help you. If you have any savings at all it is good to use them to pay off debt that you have due to bad credit. (Simply stated, bad debit is money used for something that will not likely make you more money in the future. Credit cards and auto loans most often fall into this category.) The money that you have in a savings account is accruing such a small amount of interest, and the interest rates from bad debit accrue interest at very high rates. Paying off these 'bad credit' debts will help you two fold: you will get rid of debt and at the same time SAVE money in the long run that you would pay for the high interest rate. This will increase your financial net worth which is the most important consideration in your financial 'health'.

NOTE: I would suggest that before you completely deplete your savings you secure a credit card with 0% interest. This card can be used in the event that you have an emergency and need funds right away. If you can't pay off the card before the 0% introductory rate is over, either ask the credit card company for an extension or get a new card with 0% interest and transfer the remaining balance.

Option #2: Use a 0% credit card to pay off the debit. If you don’t pay of the debt by the time that the 0% interest rate offer runs out, transfer the balance to another card with 0% interest rate of possible. Even if you can’t get another card with 0% financing, you will be putting a smaller amount on your card and will therefore not be paying so much in interest.
Option #3: Another option is to secure a credit card that allows you to get a cash advance with 0% interest rate. This option would only work for you if you KNEW that you would be able to pay back the money by the time that the 0% offer expired.

PS: If you use a credit card for any of these suggestions, I would suggest not using them for anything else at all. I have heard stories of people who transferred money at 0%, but once they used the card for a purchase they started paying interest on the total amount on the card - INCLUDING the money that was transferred. YIKES!

Answer 3

For what it is worth this might help. There is a free download software look at my profile for the url finance. The software gives you a perspective of where you are with your debts and gives a strategy on how to clear them. Its shareware software that I used with some success. It just might help you.

Answer 4

get a second part-time job. It really helped me. Stop buying items on credit till you get rid of all bills.