If you're considering a debt management plan, though, understanding how the process works is an important part of that ...

While you can likely get out of debt, you may not be able to do it immediately or without sacrifice. For instance, rather than trying to pay off all your debts at once, it often makes more sense ...

debt settlement involves a third party negotiating with your creditors to lower your balance and get you out of the red faster. Debt relief isn't guaranteed, though, and it can come with high fees ...

CNBC Select spoke with Lacy, who now has his own money blog, Winning to Wealth, about how he developed a personal strategy to successfully get out of five-figure credit card debt. The Lacys ...

With a lower rate, more of your payment goes toward the principal rather than interest, helping you get out of debt faster. For example, let's say you have $15,000 in balances spread across three ...

Tana Williams and her husband found themselves in nearly $27,000 in debt after a series of emergency expenses came up, coupled with years of overspending. To get out of debt, they came up with a ...

The good news is you can take control of your debt and pay it off faster with the right strategies. Here are some of the best ways to get out of credit card debt and take back your financial freedom.