Here are our tips for dealing with debt in Cincinnati.
1. Know How Much You Owe to your Cincinnati money lender
The first step in getting out of debt is knowing just how much you owe. Now, this may not be pretty, but is essential in creating a plan to pay your debts off. You can start by gathering your credit card statements and seeing how many you’ve missed. Tally all of the unpaid bills and label them credit card debt. Then, take a look at your loans, such as housing, auto, and student loans, and see if you’ve missed any payments there as well. Carefully add up the amount so you can get a better picture of how much money you need to come up with.
2. Take a Look at Your Spending
Next tip is to check how much comes in and how much goes out each month. Tabulate how much you spend on necessities like food, housing, and utilities while home in Cincinnati. Then, work on paying the minimum amount on your home and auto loans. Finally, start paying off any credit card bills you may have. There are different ways to pay off debts. You can use the debt avalanche method which favors paying off the biggest debt you owe before moving to the next, or the debt snowball which suggests paying off your smallest debts first and working your way up.
3. Downsize
In order to pay off your debts, you need to find or generate additional money. This can be difficult, especially if your Cincinnati job leaves you living paycheck to paycheck. One way you can generate extra money is by downsizing your lifestyle. This could mean selling your car and opting to commute instead, giving up some of your monthly subscriptions, cancelling your gym membership, or downgrading your mobile phone or internet plan.
4. Sell to a Cash Home Buyer
A home is a person’s biggest investment. It is also often the biggest expense they have to maintain in their lives. If you’re wondering how to pay off debts in Cincinnati quickly, then selling your Cincinnati home and moving into a smaller one may be your best option.
Selling your home the traditional way will take time, and unfortunately, money. You need to repair your home and pay for agent fees, which can cut away at your profit. It also takes on average 2-3 months to sell a home. If you want to sell your house fast in Cincinnati, selling to a cash home buyer might be the perfect solution for you.
Cash home buyers in Cincinnati, Ohio such as Offer Express can buy your home for cash up front. The process of selling your home to them is simple—just give them information about your house, they’ll make an offer, and after some negotiations, they can close at your chosen schedule.
Selling your home to these kinds of buyers usually takes a few days or at most a week since they do not have to go through lenders. Plus, they’ll buy the property as is, so you don’t have to repair or remodel the place to convince them to make an offer.
Get a Fast and Fair Offer on Your Home
At Offer Express, we buy houses in Cincinnati, Ohio and give home sellers a fresh start. We are local home buyers who are serious about buying your house. Our service includes no repairs, no inspections, no agents, no fees, no commissions.
Selling your house to us is simple. Submit information about your house, and one of our agents will look through it and make an offer. You can choose to accept it or negotiate the price. Once we make a deal, we will come up with a closing date on your timeline. The cash will be yours in your chosen schedule.
Call us today at (614) 820-5777 to get your fair cash offer.