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The 6 Most Harmful Myths About Debt — and The Surprising Reality

When it comes to personal finances, few things are as ubiquitous — or misunderstood — as debt. It’s almost impossible to live in the modern economy without taking on some kind of debt. Despite the proliferation of credit cards and loans, however, many Americans still believe myths about debt. Read Next: This Is the One Type of Debt That ‘Terrifies’ Dave Ramsey Learn More: $10K or More in Debt? See If You Could Become Debt-Free (for Less Than You Owe) One thing everyone should know is that debt can be used wisely or unwisely. Without debt, most small businesses would…

By Vance Cariaga
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How To Eliminate $50,000 of Debt in 3 Years

According to Experian, the average American owes $23,317 in non-mortgage consumer debt. But what about those who owe double the average? A $50,000 debt could suffocate an ordinary household for decades — but it doesn’t have to. In fact, with a good plan, some strategic sacrifices and rigid self-discipline, even average earners can crawl out from under in just 36 months. Learn More: You Can Get These 3 Debts Canceled Forever For You: $10K or More in Debt? See If You Could Become Debt-Free (for Less Than You Owe) “If you split up $50,000 evenly over three years, you’ll need…

By Andrew Lisa
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$10K Or More in Debt? See If You Could Become Debt-Free (For Less Than You Owe)

$10K Or More in Debt? See If You Could Become Debt-Free (For Less Than You Owe) Life’s a beach with you By GOBankingRates Staff It’s so easy for debt to slide out of control — even for the most responsible people. Maybe something unexpected happens, like a divorce, an expensive car repair or you lose your job.  The next thing you know, you’re looking at $10,000 or more in debt. And thanks to those crushing interest rates, you might struggle to even make the minimum payments, let alone get ahead. But if you have $10,000 or more in debt, a…

By Nick Friedman
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3 Things To Do This Week If You Have Debt

One of the biggest risks with debt is that it’s easy to get into — but can be so hard to get out of. That’s why, if you have debt, it’s important to put together a plan as soon as possible. There’s no single right strategy for getting your debt under control. There are a lot of factors involved, like your age and the type and amount of debt you have, so everyone’s situation is unique.  But there are some positive steps everyone can take, and the sooner you get started, the better. Here are some things you can do…

By Vance Cariaga

Must-Knows About Debt

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This is The Single Most Overlooked Tool for Becoming Debt-Free

By Vance Cariaga
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3 Unusual Ways To Get Out of Debt

By Andrew Lisa
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6 Everyday Bills That Are Keeping Americans in a Debt Spiral

By John Csiszar

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Tip 01

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Tip 02

Budgets are key to cutting expenses and paying down debt. Start a budget and consider these apps and spending tips.

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Tip 05

Karina B. was able to resolve her debt for less than what she owed — and in less time than with minimum payments.

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This calculator is for demonstration/educational purposes and is not a guarantee of the savings or timeframe to complete a debt resolution program. The estimates provided do not take into account risks of enrolling in such program, including impact on credit, potential for collection activity such as legal demands or lawsuits, or potential increases in debt owed due to interest and penalties. The calculations are based entirely on consumers who have completed National Debt Relief's debt resolution program in approximately 24-48 months and realized total savings of 23.1%, including program fees. Fees may vary by state and some creditors are more willing to settle than others. Not all clients complete the program for various reasons, including their ability to save sufficient funds. The "New Estimated Payment" is the amount of money estimated as necessary to be set aside each month and used towards settlements with creditors and program fees. The longer the estimated program, the lower the monthly payment; The shorter the program length, the higher the estimated necessary monthly payment. Calculations are based on the total savings of 23.1%. New Monthly Payment: ((1-23.1%)*(Estimated Balance Owed))/Desired Program Length. Savings Off Principal: Estimated Balance Owed - ((1-23.1%)*Estimated Balance Owed). Total Estimated Savings: 23.1%.

Debt Tips & Tricks

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I Got Caught in a Debt Spiral: Escaping Wasn’t Easy, but Here’s How I Did It

By Jamela Adam
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10 Tips To Get Back on Track With Your 2024 Money Goals Halfway Through the Year

By Brooke Barley
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Paying Off Debt as a Couple: 6 Tips for a 2-Paycheck Household

By Yaël Bizouati-Kennedy

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