PART 13: Out of the red and into the blackDebt can be a distant friend or enemy, but savings is always a dear friend.OverviewTallying the true costs of debtImpact of debt over a lifespanWhy we spend and what we can do about itTake actionMoney management 1016 powerful debt-paydown strategiesTackling debt as a family7 deadly sins that lead to debtBorrowing options that offer a lifelineBankrate readers: How to dump debtSpotlightRadio host Clark Howard disses debtDave Ramsey's advice: Be abnormalGreed causes debt, says Howard DvorkinGerri Detweiler: Save, even while in debtCelebrities talk debt, savingsPollNational poll: What, us worry about debt?National poll: Americans want to save moreMoney MakeoverProfile: The Kellys racked up major debtProblem: They live paycheck to paycheckPlan: They should use a systematic approachLauren Heller improves her savings effortsWendy Reck makes big progress against debtTools & resourcesWork sheets, video clips, glossary and more Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18Series 3: Growth Series 1: Essentials advertisementRelated Links:What are effects of card debt settlement?Hard times call for hard money choicesLose the high rate, not the credit cardRelated Articles:Mom not kids' crutchLet's make a 'debt' dealPolice: It's your debt
Debt can be a distant friend or enemy, but savings is always a dear friend.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.
Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am thinking about a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche... Read more