Debt is a vicious cycle. Sometimes once you have some debt it could quickly spiral into more and more debt due to interest charges.

That’s why in any economy it’s best for yourself financially as well as mentally to get out of debt as quickly as possible.

These 6 items below if used properly could help you get out of debt faster than you thought possible. The first 2 are specifically for homeowners, since home equity is a tool that if used right, can help you pay off higher interest debt faster.

1. Use a Cash-Out Refinance To Pay Off Higher Interest Debt Quicker

If you have equity in your home, an option to get cash at a lower interest rate to pay off higher interest debt could be a Cash-Out Refinance. That’s because a cash out refinance usually comes at a lower interest rate than things like credit cards. So using a Cash-Out refinance to get cash to pay off high interest debt could make a lot of sense.

A Cash-out refinance replaces your current home loan with a new bigger mortgage, allowing you to take advantage of the equity you’ve built up in your home and access the difference between the two mortgages (your current one and the new one) in cash. The cash you get can go toward virtually anything you want, such as paying off debt, home improvements or other purposes you have.

But be careful not to replace your current mortgage with a higher interest mortgage, unless you might have good reason to do so, which could be, paying off higher interest rate debt.

With New American Funding, you can check your mortgage Cash-out refinance rates in just a few clicks!

New American Funding has funded $60 billions in home loans since 2010. You’ll need a credit score of 620 or higher to get approved with New American Funding.

Find out how much cash you might be able to get from New American Funding now right here!

New American Funding: NMLS#6606

2. Get Up To $600k Cash For Your Home Without Having To Move (This is not a loan and has no monthly payments!)

Now there is a new way to access your home equity for cash without needing to move or taking out another loan. You can use that cash to pay off high interest debt, home improvements, or basically anything you want. There’s no added debt and no monthly payments.

Hometap might be the solution you’ve been looking for. Hometap invests in your home, giving you cash today, in exchange for a percentage share in your home’s future appreciation. If you qualify, Hometap will give you up to $600k or 30% of your home’s value in cash. Unlike a loan, there’s no interest, no monthly payments, and no debt.

So what’s the catch? There’s no catch, really. In exchange for its investment, Hometap will share in the profit or loss when you finally decide to sell your home and move out (up to 10 years later). If you decide you want to stay longer than 10 years, you can settle the agreement with Hometap at the end of the term without moving out.

Get an estimate of how much cash you can get now. See if you prequalify for a Hometap investment in less than two minutes. You can use the money however you’d like: make home improvements, fund a child’s education or your retirement, eliminate debt … it’s up to you.

3. Ask This Company For Up To $50,000 To Pay Off Your Debt

If your credit card company has their foot on your throat, it’s time to get that bill paid off so that you have more money to pay the mortgage and other things. Upgrade could give you up to $50,000 to pay your credit card debt or any other type of debt.

Credit card interest rates can be over 15%, but personal loan interest rates with Upgrade start at a much lower interest rate. Use your personal loan to pay off high-interest credit card debt today, and lower your monthly bills.

With a personal loan, you can replace your credit card’s ridiculous interest rate with a lower rate, wipe out your entire credit card bill, and start fresh with one monthly payment going forward.

And with Upgrade, getting a personal loan is a whole lot easier.

With a simple, 2 minute check, Upgrade will show you your lending options at once. You can compare interest rates, find an option you like, and get your funds as soon as the very next day!

The money you’ll save by getting out of debt can be used to on better things than paying the credit card company!

Get your rate here.

4. Ask This Company To Pay Off Your Credit Card Debt

Want to pay off debt without even thinking about it? If eligible, Tally can give you access to our lowest-interest credit line, helping you get out of debt up to 2x faster. The Tally credit line system strategically pays off credit cards for you.

Download the Tally app, and securely add your credit cards. They’ll do a credit check, which won’t impact your score, to see if you’re eligible for their low-interest line of credit. Typically, a 580 FICO score is needed.

Once you accept the low-interest line of credit offer, Tally will immediately pay off your cards with your Tally line of credit, saving you money right away.

You could try Tally here.

5. You Can Get out of Debt Faster By Asking This free App to Cut Your Bills For You

This super app can do it all. It can cancel subscriptions you forgot about that are wasting you money. It can negotiate your phone and cable bills. It could give you budgeting tips and help you reach your financial goals.

The Truebill app could help you out in a huge way.

All you have to do is download the free Truebill app and let it go to work for you.

All in all, the work Truebill does for free could save you potentially thousands of dollars a year. All you have to do is download the Truebill app today!

6. Set Yourself Up For Financial Freedom, Start Small By Investing In Real Estate With Just $1,000

Taking small steps could lead to much bigger things for you. And investing is a pathway to financial freedom.

You don’t need to start with hundreds of thousands of dollars to invest in real estate. With HoneyBricks, you can start with just $1,000.

HoneyBricks’revolutionary platform breaks barriers to commercial real estate investing. Invest alongside experts – less than 1% of opportunities reviewed make it to the Honeybricks marketplace.

HoneyBricks allows you to invest in US dollars or Cryptocurrency, and allows you to buy tokenized real estate, your tokens that you purchase represents your fractional ownership in the real estate.

Each HoneyBricks real estate token represents real ownership in physical real estate that generates passive income and capital growth.Tokens can be redeemed with HoneyBricks directly, or sold to other investors in the secondary market after the initial hold period of 12 months required under US Securities law.

Get started with HoneyBricks today here.