Paying only the minimum keeps you in debt longer and increases the total interest paid. By paying more than the minimum each month, you can ...

While actively paying down debt, avoiding new obligations ... process and potentially reduce interest rates. These strategies often make debt management more streamlined and cost-effective.

We break down three proven options for tackling debt that don't involve debt settlement or debt relief to help you understand ...

A debt consolidation program could be a smart debt relief option to use, but there are a few things to know first.

The debt avalanche method is a strategy for paying down debt and is often compared to the debt snowball method. The debt avalanche strategy, sometimes called the “roll-down” method ...

Credit card issuers are required to include a “minimum payment warning” in compliance with amendments to the Truth in Lending Act. Typically, you’ll find this on the first page of your credit card ...

Selling assets can provide immediate funds to pay down debt and avoid more drastic financial measures. This strategy is particularly useful if you own valuable but non-essential items, such as a ...

Depending on your financial situation, you might benefit from paying off debt, investing or both. Here are some things to ...

A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for ...

Student loan debt can feel like it will take an eternity to pay off. The standard repayment plan offered for federal student loans is 10 years — and many other plans extend long beyond that.

However, this strategy has advantages ... Using a personal loan to pay off debt helps you get rid of multiple payments and go down to one payment per month — and hopefully with a much ...