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Laura Dunn and her fiance, Johnny.

After racking up $23,000 of debt, I cut my cards to shreds — but I didn’t make real progress paying it off until I put down the scissors

I loved the drama of cutting my cards into pieces, but I found leaving them intact and relying on my own willpower to ultimately be more effective.
Credit-card debt can be a wealth killer if not managed wisely.

A quarter of millennials say most of their debt is credit cards, not student loans

One in four millennials surveyed said the main source of their debt is credit cards; 15% said it's their mortgage; and 10% said it's student loans.

Trump promised to get rid of red ink in 8 years. But the deficit just topped $1 trillion for the first time since 2012.

The national deficit topped $1 trillion in the first 11 months of the fiscal year, the Treasury Department said this week.
Certified financial planners say the debt avalanche and debt snowball are the best strategies to get out of credit card debt.

We asked financial planners for the best strategy to tackle credit card debt, and there are 2 clear favorites

The best way to get out of credit card debt is either the debt snowball or the debt avalanche, according to financial planners.
The author is not pictured.

I paid off $22,000 in credit card bills thanks to a debt settlement company, but I wouldn’t do it again

Going back to school buried one woman was under a mountain of credit card debt. Here's what happened when she hired a debt settlement company.

A cancer survivor paid an old debt, but collectors garnished her wages anyway. It’s part of a disturbing trend that’s about to get worse.

Debt collectors are hounding thousands of Americans for debts they no longer owe. A new rule from the federal government will do nothing to stop this.
What happens if you stop paying back student loans?

What happens if you stop paying back student loans? Nothing good.

So what happens if you stop paying back student loans? There are serious penalties for those who don't pay.
If you buy things to just to impress your friends, you're probably spending too much.

7 signs you’re spending more money than you can afford

If you buy things to keep up with your friends, budget based on your pretax salary, or aren't saving anything, you're probably spending too much.
Understanding how to use a personal loan to pay off your credit cards can help you get your finances back on track.

How to use a personal loan to pay off your credit cards

Learn how to use a personal loan to pay off your credit cards and get yourself out of crippling debt faster.
I considered opening a CD but ultimately decided to get a high-yield savings account from online bank Ally instead. The author is not pictured.

11 signs you’re not ready to buy a house, even if you think you are

Buying a house is a long-term commitment that requires strong financial standing, and in many ways it's about more than just money.