These moves can help you avoid years of back-breaking interest.

The “debt avalanche” method prioritizes saving money on interest by focusing on the highest interest rate debt first while making minimum payments on other debts. Once the high-interest debt is ...

If your goal is peace of mind, paying what's owed can feel like a weight lifted. You eliminate collection calls and remove ...

"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...

Debt can feel like an ominous cloud you just can’t shake. Maybe it’s a few bills piling up, or a mix of credit cards, loans, or other obligations. Whatever the size, it’s stressful. You don’t just ...

Learn the best strategies for whittling down what you owe, depending on how much debt you have. This page includes information about these cards, currently unavailable on NerdWallet. The information ...

Saving versus paying down debt: It’s a balancing act many of us face. But how do you find the right balance? The answer depends, in part, on whether you’ve got enough money already stashed for ...

Consolidating credit card debt with a personal loan means taking out a new personal loan, using the loan proceeds to pay off credit card balances and then paying off the new loan. Consolidating ...

It's the time of year when even the best-laid budget plans get thrown aside, and credit-card balances start climbing. During the holiday season, it's common to set expectations high, which can easily ...

Credit card debt is one of the most difficult financial hurdles to overcome — so most people just simply ignore it. BAD IDEA. The longer you let that debt pile up, the harder it becomes to pay off and ...