PayingOffCreditCards

How I Paid Off $27,000 in Credit Card Debt in Two Years

Getting your finances under control on a tight budget is hard, But as Dana Burgess shows, it can be done. Here's how she racked up $63,000 in credit card debt, how she's digging her way out, and how she learned to enjoy living on less.

Debt Confessions of a Former Priest

When he left the priesthood in 2001, he was deep in credit card debt. He dug himself out eventually, but looking back he marvels at how easy it was to get into such a desperate situation.

A 4-Step Plan to Start Climbing Out of Debt Today

It can happen months, or years after getting your first credit card. One day you look at the bill, and even the minimum payment is almost out of reach. Years of purchases spell out what seems to be a lifetime of repayments and a small fortune in interest. Don't despair. You can climb out, step by step. Here's how.

3 Tips for Cleaning Up Your Finances After a Debt Storm

When you get deep into credit card debt, it can feel like you've been through a financial storm. That's the story for a social worker named Heather, who has $30,000 in credit card debt. DailyFinance's Laura Rowley looks at key steps to clear the debris from her path to a brighter financial future.

This Family Needs a Post-Unemployment Debt Reduction Plan

After a long spell in which one or both spouses were unemployed, a couple with three kids finds themselves $50,000 in debt. Now, with wife and husband back at work, they're aiming to get all their financial pins in a row and bowl a strike. DailyFinance's Laura Rowley offers a strategy for success.

Paying Off Our Plastic Is Killing the Economy

Here's the good news: American consumers are finally starting to reduce their reliance on credit and pay off their high-interest debt -- a positive development for their financial futures. The bad news: More money in people's pockets means less overall spending in the economy, which desperately needs the cash right now. How might the tension be resolved?