A Great way to Pay off your debt…
…in your underwear!!
If you are like me, then you are living on a pile of student loan debt. I attended a 4-year public University, and each year I borrowed at least $10,000 for tuition, rent and everyday expenses. And like most, I also had a part-time job to supplement my spending.
After school I began paying back the loans and I started with a payment of just over $500 per month. For me that was almost a third of each monthly paycheck. This caused me to find out that I would have to base all my big life decisions, and financial planning on whether I have enough money to do the things I dreamed of.
Thanks to a wonderfully encouraging wife and a man named Mr. Dave Ramsey, I have taken control of our financial life and paid off over $15,000 in credit card debt in the last 9 months (don’t ask how it got that high in the first place) There was still one thing hanging over us though…. This student loan debt of mine.
The U.S. has a serious problem with student loan debt. More than 38 Million American graduates hold $1.1 Trilion in student loans. Interest rates and the cost of attending college and professional schools continues to skyrocket, while average graduate wages remain stagnant. It has the highest 90-day delinquency rate of any loan class, and is the only debt that is unforgivable in bankruptcy.
This leads me to the purpose of this blog post. I have found a great way to help pay off my student loans. I found a website through a friend that offers online tasks to college graduates in return for credits. These credits, once accumulated, can be redeemed for real dollars $$!! Most tasks are quite simple for our “computer-minded” and online savvy generation.
The website is called Gradible (formerly Gradsavers), and can be found here. It’s simple, just sign up, find some tasks that you would like to do and receive your LoanCreds. Tasks can range anywhere from 5 to 100 LoanCreds. The breakdown is simple.
10 LoanCreds = $1
Within the first month I earned almost 1,500 LoanCreds. I was a bit skeptical, so I didn’t want to invest too much time and effort into the website if I wasn’t sure that it was legit! I applied some of the credits to my student loan and waited for them to receive the check, before I sent all of them.
18 days later I received an email saying that the money was applied to my loan. SUCCESS!!! I figured that if I can earn 1,500 LoanCreds per month, that would be an extra $150 per month that I can add to my monthly payment. What an awesome way to help college graduates pay off their debt. I am so excited to share this with all of you that are in the same position that I am in.
To get started all you have to do is click on this link. By clicking on this link and signing up through my referral, you get a free 20 LoanCreds. (which is equal to $2). LoanCreds are super easy to earn and you can do it all from the comfort of your couch at your leisure.
I really suggest you take advantage of this opportunity. Keep me updated and let me know how much you earn each month! Thank you Gradible!!