While a balance transfer credit card has its risks, it can help you avoid interest charges when chipping away at your debt.

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 ...

Your debt payoff journey is unique to your circumstances, and your situation may change regularly. While strategies like the snowball method and the avalanche method are excellent guidelines ...

Paying off debt is no easy task, but this lofty goal is achievable with the right financial ... [+] strategy. Paying off debt is no easy task, but this lofty goal is achievable with the right ...

There are well-known debt payoff strategies out there like the snowball and avalanche methods. Debt payoff strategies come in all sizes — from ultra-focused intensive to “every little bit ...

And if you have debt on more than one credit card, planning also helps you focus on which balance to pay off first. Below, CNBC Select outlines three common strategies for paying off debt.

Two popular strategies are the snowball and avalanche methods. Debt snowball prioritizes paying off the smallest debts first while making minimum payments on larger ones. This approach builds ...

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

so only consider it once you’ve ruled out other debt payoff strategies. Bankruptcy may be an option if your debt exceeds 40% of your income and you don’t have a plan to pay it off in five years.

To effectively pay off credit card debt, prioritize your high-interest debts, make consistent payments, and consider payoff strategies such as the avalanche or snowball method. Hanna Horvath is a ...

I'm eager to check this off my financial to-do list in 2025. After researching debt payoff strategies, I met with certified financial planner André Small, to see if it made more sense for me to ...