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    Here are strategies that can help you pay off debt fast When it comes to paying off credit card debt, developing and sticking to a plan can be crucial for your success The best way to get rid of credit card debt is to develop a plan and stick to it ; Focus on paying off high-interest-rate cards first or cards with the smallest balances ;
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    To pay off $10,000 in credit card debt within 36 months, you will need to pay $362 per month, assuming an APR of 18% You would incur $3,039 in interest charges during that time, but you could avoid much of this extra cost and pay off your debt faster by using a 0% APR balance transfer credit card The average length of a 0% APR balance transfer intro period is 13 months, according to
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    If you reduced that down to 3 months, then you would have Card 3 and most of Card 2 paid off, leaving you with about $10k of debt remaining that would free up probably around $600 of minimum payments from those two cards, which will go a long way to paying off the remaining 2 cards
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    It’ll also help you answer the question: Which credit card to pay off first? You have two popular choices: the Debt Snowball method (paying off the smallest balances first) and the Debt Avalanche method (paying off the highest interest rates first) Debt Snowball method The debt snowball method is all about knocking out your credit card debts from the smallest to the largest balance





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