Tuesday Tip: Pay Down Debt Faster

TIP: Pay down your debt faster with power payments!

Trying to pay down a significant amount of debt can be daunting. It could possibly take a lifetime to pay off debt. But here’s a tool that can help! With Power Pay, once you have paid off one debt, apply that payment to the payment of another debt. This increases the payment on the second debt. Continue the pattern for all of your debts until the last is paid. The good news is that you will significantly decrease the amount of time it takes to get out of debt!

You can access the Power Pay calculator here. Power Pay will calculate which debt will be in your best interest to pay off first and provide you with a payment schedule!

Visit the Believe website for more great resources to help you get out of debt.

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