Use These 6 Shortcuts To Help Pay Down $5,000 or More in Debt

Inflation is on the rise, and it’s making it harder than ever to make ends meet. If you’re struggling with debt, you may be feeling even more stressed. But there are ways to pay off debt during high inflation. Here are 6 shortcuts to help you get out of debt faster.

1. Receive up to $26,000 if you are business owner

What is the Employee Retention Credit (ERC)?

The ERC is a refundable payroll tax credit that eligible businesses may be able to claim on qualified wages including certain health insurance costs, paid to employees.

Who Qualifies?

There are two ways for an employer to qualify for the ERC. (1) Your business experienced a requisite decline in revenue during 2020 or 2021 compared to the comparable quarter in 2019; (2) Your business was at least partially suspended due to COVID-19 related government orders.

Apply with Confidence

ERC Locator has assisted more than 2000 organizations in navigating the complex landscape of ERC tax credits.

Maximize Credit. Minimize Disruption. Be Audit-Ready. Leverage the deep expertise and strict standards utilized by ERC Locator to ensure maximum benefit and audit preparedness with minimal business disruption.

2. Earn extra money participating in a clinical trial

If you are struggling to pay off debt, participating in a clinical trial could be a way to earn extra money that you can put towards your debt payments. Clinical trials typically pay participants a stipend, which can range from a few hundred dollars to a few thousand dollars. The amount of money you earn will depend on the length of the study and the type of study.

There are a few things to keep in mind before participating in a clinical trial. First, you need to be healthy and meet the eligibility requirements for the study. You also need to be comfortable with the idea of being a research participant.

If you are interested in participating in a clinical trial, you can visit Daily Labs and to see what clinical trials your qualify for in your area.

Sign up for a free & easy clinical study assessment here.

3. See if you can raise your credit scores in real time

Your credit score is a number that lenders use to assess your creditworthiness. It is based on a variety of factors, including your payment history, the amount of debt you have, and the length of your credit history. A good credit score can help you save money and lower debt in a number of ways:

  • Get a lower interest rate on loans and credit cards. Lenders charge borrowers with lower credit scores higher interest rates on loans and credit cards. This is because they are considered to be a higher risk of defaulting on their loans. By improving your credit score, you can qualify for lower interest rates, which can save you money on your monthly payments.
  • Get approved for loans and credit cards. Lenders are more likely to approve borrowers with good credit scores for loans and credit cards. This is because they are considered to be a lower risk of defaulting on their loans. If you have bad credit, you may be denied for loans or have to pay higher interest rates.
  • Get better insurance rates. Insurance companies use credit scores to assess your risk of filing a claim. People with good credit scores typically pay lower insurance rates than people with bad credit scores.
  • Get a better job. Some employers use credit scores to screen job applicants. They believe that people with good credit scores are more likely to be responsible and reliable employees.

Sign up for Experian Boost now

4. Don’t let home repairs drain your bank account

Not being able to make repairs could leave you in a bad situation – but a home warranty could protect you against surprise expenses. Overall, home warranties can be a great way to save money on home repairs. If you are considering purchasing a home warranty, Choice Home Warranty could pick up the slack where homeowner’s insurance falls short.

Not sure if it’s for you? Rest easy: they were named one of the “Best Home Warranty Companies” by US News 360 Reviews and were awarded Best Company’s 2020 Consumer’s Choice Award. For a limited time, you can get your first month free when you sign up for a Single Payment home warranty plan.

Get a free quote

5. Switch your car insurance

We’ve got bad news. You’re probably overpaying for your auto insurance. And you should probably cancel your existing insurance right now, because there’s something much better.

Auto Quote Ninja is a free service that helps you compare auto insurance quotes from multiple companies. To use Auto Quote Ninja, simply enter your information into the website and you will be presented with a list of quotes from different companies. You can then compare the quotes and choose the one that is best for you. Enter your zip code here, answer a few questions and see if you’re overpaying. It takes less thank 2 minutes.

See if you’re overpaying

6. Receive 3% cash back on all of your purchases

The Aspire credit card offers a variety of benefits that can help you save money. Here are a few of the ways you can save money with the Aspire credit card:

Overall, the Aspire credit card can be a great way to save money on a variety of expenses. By taking advantage of the card’s rewards, statement credits, and other benefits, you can save hundreds of dollars each year.

Use These 6 Shortcuts To Help Pay Down $5,000 or More in Debt