DebtAdvice

Debt consolidation loans may seem like a great way to manage debt without taking the drastic step of declaring personal bankruptcy, but in many cases the too-good-to-be-true promise of significantly lower monthly payments are just that: an illusion.

U.S. credit card debt shrank 5% in the second quarter from a year ago, approaching 10-year lows. It's not just due to banks, which have written off uncollectible debts. Learn how consumers are taking control of their finances and how you can too.

It's pretty common knowledge that alcoholics, gamblers and drug addicts have support groups and 12-step programs to keep them on the wagon. But did you know there are similar groups for compulsive spenders, debt addicts and shopaholics? Debtors Anonymous, a support organization patterned after...

Move over AA, NA and other 12-step programs, now there is Debtors Anonymous for those addicted to overspending. Patterned after Alcoholics Anonymous, DA is a 12-step program to help spenders recover from chronic debt and compulsive spending. In DA, the first step for recovery is accurately...

With more than $40,000 in credit card debt and more than 20 credit cards to her name, Diana Ryan didn't think she had a problem -- even though her husband had no idea just how many pieces of plastic she had tucked in her wallet. "It sounds cliche," Ryan says, "but I thought I could stop at any...

Ken and Daria Dolan are widely known as America's First Family of Personal Finance. Dear Ken and Daria: I'm worried that I might be in over my head when it comes to how much debt I'm carrying. How can I tell? Well, the fact that you are even asking the question is a good sign in itself that you...