One big problem with credit cards is if you keep using them for purchases, you may never pay off your debt. Personal loans, on the other hand, come with a fixed interest rate, a fixed monthly payment ...

Using a personal loan to pay off student loans might seem like a viable option for reducing interest rates or consolidating debt. However, there are several factors to consider before proceeding with ...

Dave's logic was that since he could borrow from his 401 (k) at an interest rate of 5%, it made sense to do that, as opposed ...

Here's a concerning stat: Americans owed $1.18 trillion in credit card debt in the first quarter of 2025, according to Motley Fool Money research. If you're adding to that number, though, fear not -- ...

Debt levels in the U.S. are climbing higher than ever, and the strain is being felt across millions of households. Borrowers are carrying larger balances overall in terms of their debt loads, and ...

Standard personal finance advice has long been to eliminate debts around retirement, including the mortgage. The mantra “retire debt free” comes from the insight that everyday life at older ages ...

Cut loan interest, boost savings and get debt-free faster with these expert-backed strategies to accelerate personal loan ...

Many credit card companies offer an introductory 0% APR for the first 12 to 24 months of opening a card. This offer allows people to accumulate debt without worrying about interest, but their balances ...

Redditors overwhelmingly told the 27-year-old Canadian to pay off the debt first. "We are in the same boat, and I think we know the answer. Aggressively pay down the debt to avoid interest," one ...

Before you hand over money to a debt collector, take these steps to protect both your finances and your rights.