"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...

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 ...

Please provide your email address to receive an email when new articles are posted on . The emotional and financial security of a debt-free home is compelling. However, physicians should not ignore ...

Paying off your car early can potentially save money on interest and reduces your debt, but it could strain your budget or result in other drawbacks Written By Written by Staff Loans Writer, Buy Side ...

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 ...

My husband and I recently paid off our car loan early. It was the last piece of debt we had. We did so to prepare for our ...

The pitch is tempting: finance the car and get an extra $1,500 off the price. Samuel figures if he accepts the deal he can ...

With household debt on the rise, middle-class Americans are focusing on paying down mortgage, credit card and student loan debt — often at the expense of saving for retirement or creating an emergency ...

This Redditor is in a difficult position trying to decide whether to pay off a loan or make a significant market investment. The good news is that both paths forward have some significant advantages, ...

I'm ashamed it took me so look to pay off my modest loan, says Sophie, as students now face horrifying debts they'll never ...

Please provide your email address to receive an email when new articles are posted on . For many physicians, financial success often leads to a pivotal question: Should I pay off my mortgage early?