Here’s what you should consider when choosing a strategy.

Ramit Sethi took to his site to address the difference between the two approaches, and how to best choose your way out of debt.

Experts explain that it's possible to manage debt repayment and wealth building simultaneously by following a few strategies to optimize debt and expenses.

Nobody ever said debt was fun and it’s not. It’s emotionally and financially stressful, especially when you find yourself in an endless cycle of trying to pay it off. But that doesn’t mean you should ...

"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 ...

Consumer debt is reaching new heights — it increased by 18.3 billion dollars in the second quarter of 2025 — and even though the Federal Reserve just lowered interest rates slightly, it’s become more ...

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 ...

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

Katharine Paljug is a financial writer and editor with over a decade of industry experience. Her writing has covered nearly every aspect of the financial world, from investing in forex to paying for ...

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 ...

Consolidating credit card debt with a personal loan can save you thousands in interest and boost your credit score -- if you ...