A woman says she turned to artificial intelligence and used ChatGPT for help pay off thousands of dollars of debt.

For debt of any kind to be manageable, you need to have a plan to pay it off. That's especially true when high-interest bills threaten to balloon out of control. CNBC Select offers a step-by-step ...

Create a consistent repayment schedule "While paying off a large sum of $30,000 or more in debt over one year may seem impossible to some, the reality is there are those who are able to do so ...

The debt snowball method is a strategy for paring down your debt by paying off the smallest debt amount first. Learn about the advantages.

When to save vs. pay down debt. Before prioritizing debt repayment, evaluate your savings. Without an emergency fund, unexpected expenses can create financial hardship — even if you're focused ...

I'm 41 and struggling to pay down $10K in credit card debt I accumulated just trying to get by in the pandemic. How can I pay it off once and for all and get back on track?

If you don't pay off your credit card balance in full each month, you're likely facing high interest charges. The average credit card annual percentage rate, or APR, is higher than 20%, making it ...

Paying down some of your debt and making on-time payments can also help you improve your credit. While there are debt consolidation loans for bad credit , they might come with a higher APR.

“Once that first debt is paid off then you roll, say your minimum payment was $150, then you attached another $100 dollars to that. You would take the whole $250 and apply it to the next debt ...

How to tackle credit card debt. Credit card debt can be hard to pay down because the interest rates are so high — an average 21.47% as of November 2024 — and minimum required payments so low ...

If you’re having trouble paying down your debt, ... lower your credit card APR and put you on the right track toward becoming debt-free. 1. Try the avalanche method.