Data from the Education Data Initiative shows that 2023 is the first year showing an annual decline in student loan debt.

“The benefit of this method is that you’ll pay off your smallest balances more quickly, which can be motivating and act as a ...

As of the third quarter of 2024, the average household in America had a debt of $104,215 and collectively owed $17.94 ...

There’s nothing quite like the weight of debt. It can be downright exhausting. I know the feeling. Just four years ago, my wife and I set out to figure out how to pay off debt — nearly $30,000 worth — ...

I took on a lot of debt during the pandemic. Taking care of it is a priority, but I want to make sure I do that strategically ...

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details).

Plus, they were also paying off two substantial car loans ... "I was working extra trying to make extra commissions to make the debt payoff faster," he says. But the Lacys were making good ...

What we'll cover Using a balance transfer credit card Consolidating debt with a personal loan Borrowing money from family Paying off high-interest debt first Paying off the smallest balance first ...

This comes a few weeks after Christmas when those bills are starting to come in. It is known as 'Santa Shock.' ...

These promotional periods usually last between 12 and 21 months, and they allow you to pay off your debt faster since you don't have to worry about interest accruing during the promotional period.