Two popular DIY debt payoff methods, the debt snowball and the debt avalanche, offer clear strategies to tackle your debt ...

Struggling to pay off high-interest debt? These simple strategies can help. Getty Images Carrying a large amount of debt is a heavy burden — one that can hold you back from achieving your ...

Certain tax relief strategies can help small business owners resolve IRS debt without having to close, experts say.

Case study: Debt payoff strategy for $15,000 in credit card debt. Robert faces $15,000 across three credit cards with rates ranging from 18% APR to 24% APR.

Getting out of debt may seem insurmountable, but if you know what you're doing, you can get in control of your finances and thrive.

According to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit, total U.S. household debt rose to $18.04 trillion in the fourth quarter of 2024. The ...

To pay off debt fast, you need to exceed your minimum payments every month. Target the debt with the highest interest rate, also known as the "avalanche method." Lower your interest rate by ...

1. Assess your debt load 2. Weigh DIY debt payoff methods 3. Consider debt consolidation 4. Get clear on your budget 5. Lower your bills 6. Find a way to make more money 7. Explore debt relief The ...

The debt snowball method is a strategy for paring down your debt by paying off the smallest debt amount first. Learn about the advantages.

1. Pay off high-interest debt first. Imagine you have two accounts: Debt A has a principal of $8,000 at an 8% interest rate and a minimum payment of $240.

Two popular DIY debt payoff methods, the debt snowball and the debt avalanche, offer clear strategies to tackle your debt head on. Both approaches can help you get out of the red, but they take ...