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

Consolidate credit card and other high-interest debt.

Borrowing has become a normal part of life for most people, especially as everyday costs continue rising. Whether it's groceries, gas or housing, many Americans are now relying more heavily on credit ...

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how it impacts your finances. Bad debt is usually ...

According to Orman, bad debt "is where you are paying for your present day desires, but your costs are going to be your future day needs." The most common example? Credit card debt. It typically comes ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. A debt management plan (DMP) can help you ...

Jake Safane has nearly 15 years of journalism and marketing experience on topics ranging from local entrepreneurship to international banking. He has written for publications such as The Economist, LA ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While some forms of borrowing can help you move forward financially, ...

*Rates and APRs are subject to change. All information provided here is accurate as of June 25, 2025. Credit card rates have been climbing in recent years, making it more expensive to service ...