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One of the greatest challenges that many people face when attempting to pay back unsecured debt is where to find money to pay off debt. In order to repay your debt, you have to pay more than the minimum payment, but this is difficult to do if you're having difficulty just making ends meet every month.

So where can you find money to put towards your credit card bills every month? Here's several tips:

Tax refund: Do you typically get a sizeable tax refund every year? If so, then you should apply part or all of the refund to your debts. What's more, you might want to correct your income tax withholding so that a lesser amount of taxes are withheld from each check; you'll get a smaller tax refund, however you will have more money to apply towards your debt payments each month. The last thing you want to do is give The government free money when you need money to pay off debt!

Personal savings: No one wants to spend their savings account to pay off credit card debt, however when you have credit cards that are costing you 15% and up in interest charges on a monthly basis and your savings are only earning 4% (or less), it just makes sense to use some of your personal savings to help you reduce that terrible credit card debt.

Bonuses, raises and overtime: Anytime you receive a raise, bonus or earn overtime, you should use at least a portion of those earnings to put towards your credit card debt. Seeing as this is "extra" money that you didn't have before, you shouldn't miss the money that you put towards your credit card bills.

Borrow against your home equity: This is not an option for taking lightly. Sure, you'll be able to cut down the interest you are paying on your debts considerably by taking out a home equity loan, but remember that your home is vulnerable if you're unable to make your payment for any reason. Decide on this method only if you are 110% sure that you can continue to make your payments, even during a job loss or other crisis.

Cut down spending: Although listed last, this is probably the first strategy you should take to find additional cash to repay debts. Make sure you review your spending to determine if there are any areas that you can cut back on to generate additional cash to be paid towards your credit card debt. Some common bills that can be cut back on, at least temporarily, to help pay off debt include food (both groceries and eating out), entertainment (gym memberships, newspaper subscriptions, cable TV, internet, trips to the book store) and personal care (haircuts, clothes, house cleaning services, etc.).

These are just a few suggestions on how you can get money to pay off debt. There are hundreds of different ways you can obtain money to apply towards your credit card debt if you are inspired to look for them.

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