Managing Debt

We want to help you get control of your debt. Get advice from our experts on strategies for paying down your debt without hurting your credit score, negotiating with lenders, and managing interactions with debt collectors. We also explain bankruptcy options, your rights as a borrower and what you can and cannot do with student loan debt. Also, get inspiration from other readers who have managed to go debt-free.

5 Things You Must Consider Before Borrowing Money

5 Things You Must Consider Before Borrowing Money

5 Things You Must Consider Before Borrowing Money

It seems that people are getting loans all the time — for homes, cars, college, house renovations, even new business ventures. Borrowing money can be great when you need an immediate infusion of cash, but it doesn’t come without risks. Check out some of the following dangers associated with borrowing money. 1. High Interest Payments When… Read More

The New Money Mantra: Less Is More

The New Money Mantra: Less Is More

The New Money Mantra: Less Is More

Being a minimalist is all about paring down your lifestyle to what you truly need and removing the aspects of life that distract you from pursuing what is most important. While it has been a popular and growing movement for the past few years, you can apply the ideals of minimalism to help make smart… Read More

I’m Working a Second Job to Pay Off $30K of Credit Card Debt

I’m Working a Second Job to Pay Off $30K of Credit Card Debt

I’m Working a Second Job to Pay Off $30K of Credit Card Debt

One of Heidi’s biggest fears is growing old with credit card debt, but it sure looked like she was headed that way last year. That’s why Heidi took a second job. The 41-year-old, who lives near Pittsburgh, has about $30,000 in credit card debt. Right now Heidi — who asked that her last name be withheld… Read More

We’re Paying Off $47,000 of Debt. Here’s How

We’re Paying Off $47,000 of Debt. Here’s How

We’re Paying Off $47,000 of Debt. Here’s How

Steve and Jennie Silha ended up in debt the way a lot of young couples do: They had children. Steve, 44, is a realist, and says the problem was pretty simple. “It really came down to the fact that we decided that my wife would be a stay-at-home mom, but we spent like we had… Read More

How to Retire Debt-Free: A 4-Step Checklist

How to Retire Debt-Free: A 4-Step Checklist

How to Retire Debt-Free: A 4-Step Checklist

Do you know how much you need in savings to fund your retirement? Are you factoring in your current debts? You may have just assumed that home, car and credit card payments would disappear by retirement but this doesn’t happen automatically. Since pretty much no one wants their post-work living to be focused around bills… Read More

Should You Ever Pay Your Medical Bills With a Credit Card?

Should You Ever Pay Your Medical Bills With a Credit Card?

Should You Ever Pay Your Medical Bills With a Credit Card?

Since the Affordable Care Act, the large majority of us have health insurance, which means we all have to figure out how we’ll cover co-pays, deductibles and bills for expenses not covered. While paying a co-pay with cash isn’t unheard of, you may find it more convenient to pay with a credit or debit card…. Read More

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