Trying to get out of debt when you’re “broke” or have little to no extra money may seem impossible, especially for those living paycheck to paycheck. I am here to tell you … it’s not! How do I know?

According to an Experian consumer debt study, the average debt of Americans in 2024, including mortgages, credit cards, and auto, personal and student loans was $105,056. Tackling thousands of dollars ...

Paying off debt requires commitment and patience. You'll need to carefully review your current debts, spending and budget and understand the available options you have at your disposal. With this ...

Getting rid of debt is a goal many Americans have. Not only does eliminating debt improve your financial health, but it is also likely to have a positive impact on your mental health. Assessing your ...

When a credit card company agrees to accept less than the full amount you owe — say, $20,000 on a $30,000 balance — it’s called a debt settlement. The lender agrees to forgive the remaining $10,000, ...

Dave Ramsey is a bestselling author who created the baby steps formula for getting out of debt. It's helped many people, including one person in the Dave Ramsey subreddit. A Redditor shared her ...

Here's a concerning stat: Americans owed $1.18 trillion in credit card debt in the first quarter of 2025, according to Motley Fool Money research. If you're adding to that number, though, fear not -- ...

MEMPHIS, Tenn. - Americans owe more than one trillion dollars of credit card debt. Memphis is home to the highest rate of severe credit card delinquency among young adults, according to Federal ...

For retirees relying on Social Security, any amount of debt can feel like a heavy weight that can't be managed over the long term. These retirement benefits are designed to cover basic living expenses ...