6 Debt Payoff Apps You’ll Want To Download ASAP ChangEd. Availability: iPhone, Android. Cost: Free to download, then $1 per month. Credit Card Payoff. Availability: Android. Cost: Free. Debt Free. Availability: iPhone. Cost: $0.99. Debt Payoff Assistant. Availability: iPhone. Mint. Availability: Desktop. Tally. Availability: iPhone, Android. Click to see full answer. Similarly, can you borrow your way out of debt?Borrowing Your Way Out of Debt. Many people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn a bad financial situation around.Also Know, what is the easiest way to get out of debt? How to Get Out of Debt Faster Pay more than the minimum payment. Try the debt snowball method. Pick up a side hustle. Create (and live with) a bare-bones budget. Sell everything you don’t need. Get a seasonal, part-time job. Ask for lower interest rates on your credit cards — and negotiate other bills. Herein, how will we pay off debt in 2020? Here are some tips on how to achieve your 2020 debt payoff goals. Choose a payoff strategy based on your personal situation. There’s a reason the debt snowball method is popular. Hold yourself accountable. Find expenses to cut — but don’t go to extremes. Reward your progress. Build up your emergency fund. How do I get out of good debt? More frequently if you want to lower your debt load more quickly. Gather Your Data. 2. Make a List of Your Debts and Income. Lower Your Interest Rates. Pay More than You Have to. Earn More Money. Spend Less Money. Create a Budget and Debt Pay-Off Plan and Stick to Them. Rinse and Repeat.