One of the best ways to pay off credit card debt (and other debts) faster is to pay more than you have to each month — even ...

Looking for a way to tackle your debt? Unsure of the best order in which to pay things? A free online tool called PowerPay.org might give you the direction that you need. PowerPay is a very basic debt ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Brendan is a full-time senior editor of financial products and services at ...

According to the Federal Reserve Bank of New York’s latest Quarterly Report on Household Debt and Credit, total U.S. household debt rose to $18.04 trillion in the fourth quarter of 2024. The average ...

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 ...

Getting out of debt can be stressful when you struggle to find the money for your basic living expenses and monthly payments. If you find yourself in this situation, debt relief might be worth ...

If you’re like many Americans, you have a few bills that you’d like to pay down, but find handling them a challenge. A 2025 Wells Fargo Money Study found that 50% of Americans are uncomfortable with ...

Everyone tells you to pay off your highest interest debt or lowest balance first. But what if I told you both methods might be keeping you from financial freedom? After helping hundreds of clients and ...

Debt isn’t just a source of financial stress. It can also make everyday living less enjoyable when a significant portion of each paycheck goes toward debt repayment. Focusing on paying off your debt ...

Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and ...

Here's a concerning stat: Americans owed $1.18 trillion in credit card debt in the first quarter of 2025, according to Motley Fool Money research. If you're adding to that number, though, fear not -- ...

Managing debt can feel overwhelming at any age, but even more so as you get older or enter retirement. If you're looking at your credit card statements or loan payments and wondering about the best ...