Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. Check out our Student Loan Hero Coronavirus ...

Carrying debt can take an emotional and financial toll, so it’s best to pay it off as efficiently as possible. The snowball method has you getting rid of your smallest debts first. The avalanche ...

Here’s a common scenario: you’ve got multiple debts — credit cards, personal loans, maybe even an auto loan — and their interest rates and balances are piling up. Figuring out how to lift that ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Looking to pay off a mountain of debt as quickly as possible? You’re not alone. According to a 2023 study by Northwestern Mutual ...

Brittney started her writing career in the world of science, putting her physics degree to good use. Her journey into finance started with building her personal credit, but soon grew into a borderline ...

When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid it all off, thanks to the debt snowball method and some hefty ...

Understanding how to get out of debt is complex. I had always believed there was no single, definitive answer to paying off debt, or guarantee I’d find success at the end of the tunnel — that is, ...

When you’re staring at a pile of debt — credit cards, loans, medical bills, etc. — it can be tough to figure out how to start paying it all off. It often seems like an impossible task, especially if ...

Carrying debt can take an emotional and financial toll, so it’s best to pay it off as efficiently as possible. The avalanche method aims to save you money on interest. Are you ahead, or behind on ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...