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7 Easy Ways to Pay Off up to $50K in Debt, Fast

Cancel expensive car insurance, get paid to watch videos, and more bold ways to get out of debt.


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You are so ready to be out of debt. That would be so sweet, wouldn’t it? But you feel like you’ve tried everything. And everywhere you turn, your debt is still there — impacting just about every area of your life.

Well, we’ve got a bunch of strategies you probably didn’t realize you could use to help you pay it off.

1. This website can help kill off that debt.

Imagine waking up with no credit card debt. Impossible, right? Actually, with help from a free website called AmOne, you could wipe out all of your credit card debt by the end of the week.

It will match you with a low-interest loan to pay off all your credit cards at once. Its interest rates start at 3.49 percent — way lower than the 20 percent or more you’re probably paying your credit card company. That could save you thousands in the long run.

Plus, you’ll be debt-free that much faster.

AmOne keeps your information confidential and secure, which is probably why after 20 years in business, it still has an A+ rating with the Better Business Bureau.

It takes two minutes to see if you qualify for up to $50,000 online.

2. Get Paid up to $225 per month to watch videos.

What if we told you a research company would pay you to watch cooking videos on your computer? It sounds too good to be true.

We’re serious, though. InboxDollars will pay you to watch short video clips online. One minute you might watch someone bake brownies, and the next you might get the latest updates on Kardashian drama.

All you have to do is choose which videos you want to watch and answer a few quick questions about them afterward.

InboxDollars won’t replace your full-time job, but it’s something easy you can do when you have a few minutes to spare. Plus, it’s extra money you can put toward paying down your debt. Everything helps.

InboxDollars won’t completely pay off your credit cards, but it’s possible to earn up to $225 per month watching these videos.

It’s already paid its users more than $56 million.

It takes about one minute to sign up, and you’ll immediately get a $5 bonus to get you started.

3. Cancel your expensive car insurance.

The so-called “experts” will nag at you and tell you to cut every single unnecessary purchase out of your life so you can pay off debt. The fancy coffee. The avocado toast. The dinner out. They’ll even make you feel guilty about it.

Oh, the avocado toast. The Starbucks latte. The horror, the horror!

Sure, it is important to limit your fun spending. But the truth is, when it comes to cutting expenses, you have bigger fish to fry — like your car insurance.

You’ve probably been overpaying your name-brand coverage thousands of dollars over the last few years. But a company called Gabi wants to fix that by reaching out to 40 different companies on your behalf.

Gabi has the relationships with insurance companies to make sure they stop ripping you off. In fact, you can keep the same coverage you already have — and get an average of $961 back in your bank account this year.

Just imagine what that could do for your debt payments.

You don’t have to make any calls or fill out any forms. It takes two minutes to see how much Gabi can put back in your pocket. And the best part? You never have to think about this again. Gabi will keep on doing this for you — for free.

4. Slash your mortgage payments.

Interest rates are at historic lows these days, so it’s prime time to look into refinancing your mortgage. And guess what? You don’t even have to leave your home to do it — and it could save you thousands of dollars.

Head over to an online lender we know called Figure, where you can complete your application for a new loan in as little as 10 minutes.

If you’re planning to stay in your current home for a while, it could totally be worth it. Over the life of a 15- or 30-year mortgage, a mortgage with a lower interest rate could save you tens of thousands of dollars.*

Figure offers home loans up to $1.5 million. It’s worth noting your credit score needs to be at least 640. If you have equity in your home, you could also “cash out” — replace your existing mortgage with a new one for an amount that’s higher than what you currently owe.

If you’re not sure you’re ready to commit to refinancing, you can always get a free quote. It never hurts to explore your options, and getting a quote won’t hurt your credit score.**

5. See How Much Money You Can Get from This Company.

Extra cash is nice, right? But if you’re not using Aspiration’s debit card, you’re missing out on that extra cash. Yep: A debit card called Aspiration gives you up to a 5 percent back every time you swipe.

Need to buy groceries? Extra cash. Need to fill up the tank? Bam. Even more extra cash.

You were going to buy these things anyway — why not get this extra money in the process and put it towards paying off your debt?

Enter your email address here and link your bank account to see how much extra cash you can get with your free Aspiration account. Don’t worry; your money is FDIC insured and under a military-grade encryption. That’s nerd talk for “this is totally safe.”

6. Quit your job. Still earn $64 per hour.

You could probably pay off debt a lot faster if you were earning $60 an hour or more. And the bonus? You can do this job from home.

Those are the perks of working as a bookkeeper, says Ben Robinson, a certified public accountant and business owner who teaches others to become virtual bookkeepers.

You don’t have to be an accountant or even really good at math to be successful in this business. In fact, all you need are decent computer skills and a passion for helping business owners tackle real-world problems. The ability to stay moderately organized is helpful too.

It’s a great opportunity for parents who want a part time job, recent college grads, and anyone who wants to bring in real money working from home.

Robinson shares what it takes to be a virtual bookkeeper, plus tips for making this career work for you, in his free class at Bookkeeper Business Launch.

7. Stop wasting so much money on homeowners insurance.

You’re probably wasting money right now. And it’s probably on something you’d never expect — your homeowners insurance policy.

This isn’t something you actively think about. You just know you’re required to have it, so you’re stuck with it forever, right?

Wrong. The problem is, you’re paying too much and that money could go towards your debt. Luckily, an insurance company called Lemonade makes it easy to find out how much you’re overpaying.

Lemonade’s policies start at just $25 per month. And even though you’re saving money, you’re not skimping on coverage. Lemonade will make sure you have what you need.

Just answer a few questions about your home to get started.

*Refinancing at a longer repayment term may lower your monthly loan payments, but may also increase the total interest paid over the life of the loan. Depending on your cash-out amount, your monthly payments may increase, even with a lower APR.

**To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Figure Lending LLC is an equal opportunity lender. NMLS #1717824 – NMLSCONSUMERACCESS.ORG Terms and conditions apply. Visit 

First For Women has partnered with The Penny Hoarder to bring you expert money saving tips like these.

This article was updated on August 19, 2022 at 10:30 a.m. It was originally published on December 13, 2020.

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