Could your debt be reduced or forgiven? Take our financial relief quiz. When it comes to paying off debt, there’s no right or wrong way, so long as your efforts get you to that final destination of ...

Here’s a common scenario: you’ve got multiple debts — credit cards, personal loans, maybe even an auto loan — and their interest rates and balances are piling up. Figuring out how to lift that ...

Paying off debt requires commitment and patience. You’ll need to carefully review your current debts, spending and budget and understand the available options you have at your disposal. With this ...

To pay off debt, you need to know how much you owe, how much you’re spending and where you can cut costs. The debt avalanche and snowball methods are popular debt repayment strategies. A debt ...

The typical American household carries $15,762 of credit card debt. With the average credit card interest rate hovering around 13.35% today, that means households could easily spend more than $2,000 ...

Like the snowball method, the debt avalanche strategy requires you to make minimum payments to all creditors and lenders and put extra money toward just one debt. Rather than focus on smaller account ...

Ashley Eneriz is a financial writer who has been published on a myriad of sites. She has 10+ years of financial writing experience. Investopedia / Nez Riaz The debt avalanche and the debt snowball ...