However, when it comes to debt, an overwhelming number of financial experts recommend using one of two comparable, but not identical, payoff strategies: the debt snowball and the debt avalanche.

Credit card debt management isn't a magic solution, but it can be a powerful debt relief tool for the right person.

7. She picked the debt payoff strategy that worked for her The same debt payoff strategy doesn't work for everyone. While some may prefer paying off balances with the highest interest first (the ...

Before we dive into credit card payoff strategies, here’s a look at a few key statistics to help you see how your debt compares to others. 48% of credit cardholders have carried a balance at ...

And if you have debt on more than one credit card, planning also helps you focus on which balance to pay off first. Below, CNBC Select outlines three common strategies for paying off debt.

Nonprofit credit counseling agencies provide a number of services, including helping consumers figure out the right strategy for paying off debt. A credit counselor or debt counselor can look at ...

A personal loan can be a good solution for paying off your existing debt, but it's not always the best choice.

Whether it's old debt or the holiday hangover, as big bills start rolling in, 'Budgeting for Dummies' author Athena Valentine ...

Learn strategies for whittling down what you owe, and get insight into the best approach depending on your debt load. Many, or all, of the products featured on this page are from our advertising ...