How to Pay Off a Credit Card Quickly

How to Pay Off a Credit Card Quickly

Credit card debt can be good and bad at the same time, but either way you need to pay it off as quickly as you can. Your credit score may be boosted by using your credit card and then paying it off. However, if you find yourself using your credit card to buy more than you can afford, you may find yourself with a large balance that needs to be paid off. The following examples represent how to pay off a credit card in a short period of time.

Cut Unnecessary Expenses

If you can cut as many unnecessary expenses as possible, you may have a bit of extra money that you can use to pay down any existing debt you may have. One tip for cutting down on unnecessary expenses is to consider eating at home on a more regular basis instead of at restaurants. You may actually cut your food expenses in half or more by preparing your own meals. As a bonus, the home-cooked meals you prepare will likely be healthier than the ones you’d eat while dining out. Other ways to cut unnecessary expenses include avoiding shopping sprees and cutting back on various types of entertainment. Consider cutting back on your cable TV package or cell phone plan if possible.

Pay More Than the Minimum

Another option for how to pay off a credit card quickly is to pay more than the minimum amount due if you cannot afford to pay off the entire balance in full. This strategy helps to eliminate extra interest charges which may cause you to be stuck in debt over a long period of time.

Consolidate Your Debt

Consolidating various credit card debt to one account with a lower interest rate is another helpful strategy that eliminates the confusion over various due dates, interest rates and balances.

Use Extra Cash to Pay Down Debt

Use extra cash from savings, gifts, bonuses and tax refunds to help pay down debt. Rather than spending this money on a splurge for yourself, put it towards your credit card debt to pay it down more quickly.

For many people, the weekly grocery bill is one area where it’s easy to go over budget. Keep these cheap...
Are you starting to feel as if your spending is out of control? Maybe you need to put yourself on...
Eating well is important because it is one of the cornerstones of living a long, healthy and happy life. However,...
If you are a regular at the grocery store or pharmacy, you’ve probably gone through this debate in your mind:...
The world of short term lending holds a lot of possibilities for people who are looking for assistance when their...
If you’re like most people, your credit is your lifeline in tough times. One wrong turn can ruin that in...
The thing about a financial emergency is that it can come out of nowhere. You did not plan to total...
If you or one of your loved ones is headed off to school, you may be searching for a reliable...
When considering a cash advance, you may be wondering “Does a cash advance hurt your credit score?” For better or...
Navigation
Google+ Twitter Facebook


Northcash is an economic arm of the Fort Belknap Indian Community, a federally-recognized Indian tribe located in Hays, Montana. The Tribe and its businesses have governmental sovereign immunity and have not and are not waiving that immunity for any purpose associated with the consumer lending business of Northcash and therefore Northcash is not subject to suit by you or any third-party for any reason. CAUTION: IF YOU ARE NOT COMFORTABLE DOING BUSINESS WITH A SOVEREIGN INDIAN TRIBE THAT IS NOT SUBJECT TO SUIT, YOU SHOULD IMMEDIATELY DISCONTINUE USING AND ACCESSING THIS SITE. We may from time to time in our sole discretion and without notice to you modify the terms of this Agreement and/or change the rules that govern your use of our Site.

Who is providing this notice?

North Star Finance, LLC d/b/a Northcash, an economic arm of the Fort Belknap Indian Community.

This is an expensive form of borrowing, and it is not intended to be a long-term financial solution. Northcash loans are designed to assist you in meeting your emergency borrowing needs. The Annual Percentage Rate (APR) applied to your loan will vary depending on the pay period with the maximum APR on any Northcash loan being 795%. This is a term installment loan with approximate equal payments, but you have the right to prepay at any time. Any instances of late or non-payment may be subject to additional fees, such as NSF and late fees, as well as collection activities Before borrowing, we ask that you assess your ability to repay the amount you borrow.

You acknowledge that by submitting and completing the loan application that you are applying for a loan. We verify loan applicant information through credit reporting agencies such as Clarity, Factor Trust, and DataX. We may obtain your credit information in order to determine your eligibility and ability to repay.

Northcash does not lend to residents of Arkansas, California, Georgia, Maryland, Minnesota, Montana, New York, Pennsylvania, Virginia and West Virginia, or to members of the military or their dependents.

The availability of online installment loans are subject to change at any time at the sole discretion of Northcash.


OLA Badge