The best way to pay off debt depends on what you owe. Explore strategies like the debt snowball, debt consolidation and debt relief.

With recession risks back on the radar, the classic money dilemma is getting sharper: should you rush to wipe out debt or ...

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 ...

Considering withdrawing from your retirement account to pay debt? Learn how this common mistake can impact your future and ...

CHARLOTTE — Looking to pay off credit card debt? Action 9 investigator Jason Stoogenke wants to make sure you know about the “avalanche” and “snowball” methods. In both cases, keep paying your bills, ...

ATLANTA — They promise help with debt from credit cards and other bills. Some of these companies are actively calling and emailing people in need of help. And that is one of the first red flags. There ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

When preparing for retirement, making a plan to get out of debt should be part of the process. Yet paying down debt can seem like a daunting, or even impossible, goal. Many Americans are living with ...

Consolidate credit card and other high-interest debt.

These days, it can feel impossible to stay on top of credit card debt. The cost of living is going up, inflation is on the rise and job growth is slowing. And more Americans are falling behind on ...

Alaska earned the top spot as the state where it takes more time to pay off credit card debt. Rankings for the states were created examining median credit card balances and monthly credit card ...