Consider using a debt repayment calculator to determine how much sooner you could pay off your debt with a lower interest rate.. Think about this simple example. Imagine you have $5,000 in debt on ...

If you can secure a personal loan for your total of $12,000 in credit card debt with an APR of 10 percent, you will be able to contribute your $200 each month and start paying off more than your ...

Always try to make at least the minimum monthly payment on every outstanding balance. When deciding which debt to pay off first, consider its type, interest rate, outstanding balance and impact on ...

Debt consolidation loans: There are loans specifically designed for combining and paying off debts. Some of the best lenders offer rates that can rival home equity rates if your credit is excellent.

What's the best consumer option for paying down credit card debt? The answer is steeped in irony and may surprise you.