Ep. 125 - Use These 5 Methods To Get Out Of Credit Card Debt

Stuck with high-interest credit card debt? Wondering how to get out from under it? In this episode, Quinton poses an eye-opening question – how long would it actually take to pay off a $10,000 balance if you only make minimum payments? He walks through real examples showing how interest costs balloon out of control. Quinton ends the episode by offering 5 practical strategies to slash credit card debt, whether you're a homeowner with equity or a renter living paycheck to paycheck. Learn how to leverage balance transfers, debt consolidation loans, home equity, and more to be credit card debt free faster.

[00:00 - 02:41] - Introduction & Credit Card Explanation

[02:42 - 06:06] - How Long to Pay Off $10K Card

[06:07 - 08:48] - Solution 1: Stop Using the Card & Debt Snowball

[08:49 - 10:10] - Solution 2: Debt Consolidation Refinancing

[10:11 - 10:37] - Solution 3: Home Equity Loan

[10:38 - 12:03] - Solution 4: Balance Transfer with 0%

[12:04 - 14:50] - Solution 5: Debt Management Services

Key Quote:

"If you have a credit card, pay it off. The average rate is 25%. Where are you gonna make 25% on your money right now? Pay that debt down and get it done with." - Quinton Harris

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