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"We were in debt for over ten years and were relieved to be able to make monthly payments to CareOne to begin to get our lives back."Deborah J., Conley, GACareOne Customer

How to Pay Off Bills Fast

Nobody enjoys paying bills, but if every mail delivery brings more demands for money, the bills are mounting up in a pile, and you’re juggling the debt you already owe with new expenses arriving every day, it’s time to take control and reassess your approach to paying bills. 

It takes hard work and a solid strategy to pay off bills fast, but the goods news is that with effort and planning, many people have recovered from overwhelming debt and steered their finances back on track. As well as peace of mind and greater financial stability, you’re likely to save money in the long term - if you’re not paying off your bills in a timely manner, those debts can snowball from interest charges and late fees.

Get Organized

It’s impossible to pay off bills efficiently if you don’t have a realistic picture of how much you owe each month and when those payments are due. In fact, being disorganized in paying bills is often a major factor in debts getting out of control in the first place. Not knowing or ignoring how much you need to pay each month doesn’t make the bills disappear!

Pull together a list of all your regular bills, including fixed living expenses, utilities, credit card and store card bills, loans, and any other repeat payments. Those may be weekly, monthly, quarterly, or even annual bills. Then, create folders to keep the bills together – it saves time when paying bills and prevents accidentally missing a payment and incurring late fees.


Prioritize the list of payments and make a plan. Some bills will be fixed expenses that you can’t change. Others, such as credit card bills, involve choices on which debts you prioritize. If you’re looking at how to pay off bills fast, you need an aggressive plan to tackle the most expensive debts first, which means those with the highest interest rates.

Keep payments on the lower interest rate bills to the minimum required, and pay as much as you can on the high interest bills. Paying above the minimum reduces the debt much faster and saves interest charges over time. As you cancel out the high interest rate debts, roll the cash you’ve been paying on those bills into the next priority debt. Although it might seem easier to tackle a small debt first, if the smallest debt happens to be at a low interest rate, the “easy” option can prove costly. If your main concern is how to pay off bills fast, throw all your efforts at the high interest rate debts first.

If possible, transfer balances on high interest credit cards to a lower interest card. Be sure to consider the balance transfer fee and interest rate after any introductory offer is over to ensure it benefits you in the long term. A personal loan from a lender to consolidate your debts at a lower interest rate may also be a solution, although again it’s important to do the math in case the loan works out to be more expensive than simply sticking with your strategy to pay off bills directly to the current creditors. It’s generally not a good idea to shift unsecured debts (such as credit card bills) to a personal loan secured on your property, such as a home equity loan. If you fail on those payments, your home is at risk.

Cut Expenses

If you can’t bring in more income, then one of the most effective ways to pay off bills fast is to trim expenses. It’s surprising how quickly even small savings add up, leaving more cash available to pay off bills. Take your own lunch to work, eat dinner at home rather than dining out, cut down on energy usage to slash utility bills, cancel unnecessary subscriptions and memberships, search online for coupons when making essential purchases, and shop at thrift stores. Retire credit cards and store cards until the balances are settled. Remember: These frugal measures are only until your major debts are paid off and you’re back in control of your finances. If you’re seriously asking yourself, "How can I pay my bills off faster?”, then it’s vital to cut expenses and put every dollar toward your debts. Get ideas on 101 Ways to Trim Your Budget painlessly.

Smart Strategies for Paying off Bills

  • Consider paying the largest and most important bills immediately after pay day, regardless of when they are due. If you’ve already paid major bills as soon your pay check hits the bank, you’ll be less tempted to spend what looks like spare money in your account. If necessary, ask mortgage, auto loan, utility, and other companies to change your billing cycle so due dates are in line with when you receive your salary.
  • Paying bills promptly also saves cash and helps to pay off bills faster. Customers are penalized for paying bills after the due date, with late fees and interest charges. Late payments can also damage your credit report. Whenever possible, pay bills with daily finance charges before the due date, as that reduces the interest accruing on the debt during the billing cycle.
  • Make small payments against each account in addition to your regular installments whenever you have a few spare dollars. Even an extra $20 here and there adds up to help pay off bills faster, and small sums are often not missed in your household budget.
  • Paying bills online is a good way to keep on top of installments – you can schedule payments for the optimum date, and it saves postage too.

Professional Help for Bill Consolidation

If you’re still struggling to pay off bills, and you have at least $2,500 in unsecured debt on two or more credit cards, consider consulting a reputable debt relief company. Debt Management Plans and Debt Settlement Plans are effective and proven strategies to consolidate and pay off bills. With either type of plan, you make one affordable monthly payment toward all your debts.   Other benefits may include reduced interest rates, or a lower settlement on the total debts owed. There are pros and cons to each plan, depending on individual circumstances.  Find out more about how Debt Management Plans and Debt Settlement Plans work to help customers pay off bills.  

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  • Get Debt Help

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  • Is It Time to Consider Bill Consolidation?

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