Managing Debt

The Twitter Guide to Getting Debt-Free

Advertiser Disclosure Comments 0 Comments

To help consumers start the New Year with a positive attitude, we teamed up with Yahoo Finance for a Twitter chat about debt, talking about common issues and answering participants’ answers.

The topic stemmed from a survey, Americans and Credit Card Debt, which showed that a lot of adults want to focus on chipping away at their balances this year. In the chat, we tapped Director of Consumer Education Gerri Detweiler, Yahoo Finance reporter Mandi Woodruff and Millennial influencer Chelsea Krost to discuss the fundamentals of managing debt.

After an hour of lively discussion, which covered everything from balance transfers, debt’s impact on credit scores, identity theft and student loans, experts and consumers had exchanged scores of tips with the goal of empowering others with the knowledge to make better financial decisions.

Highlights of the conversation have been collected in this Storify (which we’ve embedded below), which also includes extra advice not initially shared during the one-hour chat.

If you have any questions about credit card debt or one of our other specialties (loans, mortgages, credit scores and identity theft), you can always ask us through Twitter at @CreditExperts or on Facebook.

Stay tuned for announcements about other Twitter chats in the future — we love answering your questions and sharing tips.

More on Managing Debt:

Image: zakokor

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other articles on News & Advice may also be offered through product pages, and will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.