Getting out of debt, particularly high-interest debt, is important to your financial future and it can make life more relaxed when you don't have to make interest payments on an ongoing basis.

Check Out: 5 Subtly Genius Moves All Wealthy People Make With Their Money Here’s a quick look at the steps you can take to get out of debt: Understand exactly what you owe. Stop taking on new ...

Getting out of debt may seem insurmountable, but if you know what you're doing, you can get in control of your finances and thrive.

Paying off high-interest debt, such as credit card balances, requires patience and resolve. To achieve this, you'll need a strategy that works for you and your financial situation. CNBC Select ...

You can use the debt snowball or the debt avalanche: Debt snowball: With the snowball method, you pay off your debts in order of smallest balance to largest balance. For example, if you have debts of ...

The debt snowball method is a strategy to pay off your debt fast, which targets your smallest balances first. To start, you’ll make the minimum-monthly payment on each of your accounts. Then ...

Here's how to get out of credit card debt, even if you're totally overwhelmed right now. 1. Pause interest with a 0% intro APR balance transfer card.

If you are eager to get out of debt and have some room in your budget, consider the “debt avalanche” method.This tried and true debt payoff method can save you thousands—if you have the cash ...