The Smart About Money website will be retiring on July 31, 2021. Learn more about this decision.

Smart Ways to Pay Off Debt


loan paperwork stamped with approval

Know the risks of debt consolidation. Learn the difference between secured and unsecured loans and consider alternatives to debt consolidation loans.

Are you in the safe or danger zone for debt? Less than 20 percent of your income should go to credit cards, student loans, mortgage and car loans.

Whether you need to rebuild your finances or just want a change, press the reset button on your life by repairing credit, pursuing a new career or hiring a coach.

Weigh the costs and benefits before filing bankruptcy. Consider potential foreclosure, garnished wages, lawsuits and the cost of filing.


Related Calculators