How to Get Out of Debt Fast - What Are My Options?

How our program helps:

  • Cut your monthly payments in half
  • Reduce your total debt by up to 50%
  • Be debt free in as little as 12 to 48 months

Select Your Debt Amount:

$1,000

$100,000+



Getting Out of Debt Can Feel Like an Uphill Battle

Debt has a way of making us feel stressed, isolated and defeated. If your debts are particularly overwhelming, it may be tempting to avoid them rather than tackling the problem head-on. Unfortunately, the “ignore your debt” strategy usually leads to even more debt, more frustration and more stress. Fortunately, there are a few strategies you can use to take back control of your finances.


Getting Out of Debt Quickly Should Be a Priority

Working your way out of debt can lead to a healthier, less stressful life. If you focus your energy on paying back your financial obligations now, “future you” will not have to deal with the cycle of dread associated with past-due bills and high interest charges.

Being debt-free can also lead to better financial security and higher credit scores, which will allow you to spend your money on the things that matter most to you.


Three Ways to Get Out of Debt

Check out these common debt relief methods:

Debt Consolidation Loans

You can quickly pay off multiple debts using the money gained from a new loan, allowing you to focus on one monthly payment instead of multiple bills. This method is better for people with a healthy credit score, as a lower score could lead to a high loan interest rate.

Credit Card Balance Transfers

For as low as a 1-3% fee, you could transfer your debts from existing credit cards to a new card with a low or 0% interest rate. However, these rates are typically introductory and only available for a limited time, so it’s crucial that you have a plan set to pay the card off as quickly as possible.

Debt Resolution Programs

Debt resolution programs allow you to combine multiple debt obligations into a single, reduced monthly payment. These companies connect with creditors on your behalf to reach new terms and agreements, oftentimes allowing you to resolve your debt for less than you originally owed.


How to Get Out of Debt Fast

Although there isn’t a magical way to make your debts quickly disappear, you can rise out of debt sooner by staying focused and making smart money moves. Here are our top recommendations:

Quit Using Credit Cards: Avoid adding to your current credit card debt by switching to cash. Paying with dollars and cents can help you make more thoughtful spending choices while reducing the likelihood that you’ll overspend.

Follow a Budget: Budgeting allows you to organize your cash flow by making a clear spending plan. By visualizing what expenses you must commit to (like rent, bills and groceries) and giving more financial priority to your needs than your wants, you can distribute your income appropriately while making sure you set more money aside for debt repayment.

Pay More Than Your Monthly Minimums: If you only pay back a little bit of what you owe every month, you’ll likely rack up interest and be in debt longer than is healthy. Tackle your debt faster by paying back more than what’s listed on your statement.

Get a Second Source of Income: Whether you take on a second part-time job in addition to your primary job, freelance on your own or work through an on-demand service, the additional money you’ve earned can be used for debt repayment.

Put All Unexpected Money Towards Paying Down Debt: Whenever you receive a bonus, tax refund or monetary gift, resist the urge to go on a shopping spree. If you treat this “surprise money” as a bonus bill payment instead, it will help you pay off your financial obligations sooner.

Use a New Strategy: It’s easy to lose sight of your progress when you’re facing a mountain of debt. Approach your payments in a different way by trying either the debt avalanche or debt snowball method. A new strategy can help you stay motivated to pay down your debts faster.

Get Expert Help Through a Debt Relief Company: Consult with a trusted financial relief organization to discuss your options. At Accredited Debt Relief, we provide debt consolidation and settlement services that help our customers pay off their debt more quickly. Oftentimes, through working directly with your creditors, our team is able to negotiate legal settlements that are lower than what you originally owed.


When To Seek Help With Your Debt:

Your Payments are Too High

You're paying too much interest or are stuck making only minimum payments

Your Accounts are Maxed Out or in Collections

One or more of your credit cards are maxed out or your credit utilization is over 40%

You Have Missed Payments

You miss payments or you can’t afford both your monthly payments and basic needs

Your Money Stress is Affecting Your Health

Your debt is worsening your quality of life, physically or mentally


When debt prevents you from accessing your basic needs, it’s time to get help.

The global pandemic negatively affected Eric's income, leading him to rely on credit cards and skip meals in order to provide for his family. Accredited Debt Relief provided him with $30,000 in savings, as well as reassurance and support on his journey towards a brighter financial future.


Getting Out of Debt: FAQs

Paying more than your monthly minimum can help you get out of debt faster. If this isn’t an option for you, Accredited Debt Relief may be able to help. Our team works directly with our clients’ creditors to reach better terms and agreements, oftentimes significantly reducing the amount of money they owe.

Paying off debt with a low income or no income is more difficult, but exploring options that reduce the amount of debt you owe can help. It is possible to get out of debt for less money through thoughtful budgeting and relief strategies like consolidation and settlement.

The best debt relief option for you is the one that will help you get out of debt faster and for as little money as possible. Factors like your income, creditworthiness and the amount of debt you owe will influence your decision. A Certified Debt Specialist at Accredited Debt Relief can help you determine if our program is the right fit for you.


Proven Results From Real Clients

Carl F.

Enrolled Debt: $43,922

Final Debt: $21,403

Savings: $22,879*

Enrolled: 2/10/2020

Graduated: 8/31/2021

Kelli M.

Enrolled Debt: $21,974

Final Debt: $12,797

Savings: $9,176*

Enrolled: 3/22/2020

Graduated: 10/21/2021

Ashley S.

Enrolled Debt: $24,954

Final Debt: $10,634

Savings: $14,320*

Enrolled: 1/1/2020

Graduated: 10/28/2021

* These examples do not include program fees. This is small sample of debt settlements our negotiation team has achieved for our clients. These settlements were obtained for clients who successfully met all of their program terms and received settlement offers. Results may vary, and there are no guarantees that all creditors will agree to settle. These examples are not representative of results in all cases.


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