Understanding these steps can demystify the process and help you find the right approach to get rid of your debt.

Getting a debt consolidation loan is a fairly easy process, but you should start by assessing your eligibility.

Be forewarned, though: This may be the toughest step ... the help of a balance transfer card or a debt consolidation loan — is a good option for unsecured debts like credit cards.

January can be a tough time financially, especially if holiday spending leaves you with some debt. If you're struggling financially following the holiday season, you're not alone.

The Reality of Credit Card Debt Credit cards are a convenient financial tool, but they can become a trap if not used wisely.

Americans were expected to spend $902 on average on holiday expenses in 2024 — a new record — according to the National ...

If you have fair credit or better, you may be able to get approved for a debt consolidation loan. That's a score of at least ...

and entirely up to them whether they honor the agreement even after you've settled your debt. Step 5: Consider credit-building products You might want to open a secured credit card or even a ...

For larger amounts of outstanding debt -- think in the $5,000 to $10,000 range -- a 0% APR balance transfer card can be especially helpful. You'll need to pay a small fee, which is typically 3% of the ...

Bangin'! Keep it coming," he added. According to Lewis, a 0% balance transfer allows you to get a new credit card to pay off debt on existing cards. He explained: "A 0% balance transfer is where ...