The amount of debt you have, your rates and how you pay can impact the time it takes to pay off your debt. Getty Images If you have experience with credit card debt, you may know that it can get ...

Depending on the type of bankruptcy, you may have to sell some of your assets (real estate, vehicles, etc.) in order to come up with the funds to pay back creditors, or you may be on a payment ...

Forbes contributors publish independent expert analyses and insights. Debt free millionaire, author and founder of Crush Your Money Goals.

You can streamline your payments. Let's say you have $10,000 in credit card debt, $5,000 in student loan debt and $7,000 in car loan debt. That's three different payments you have to make each month.

Your U.S. Credit Score Will Be Affected. The biggest reason people pay their credit card bills on time is to maintain a good credit score.Moving abroad with unpaid credit card debts may not seem ...

If you have credit card debt, you're not alone: Americans owe a record $1.08 trillion on their cards, according to credit reporting agency Experian, with the average balance pushing past $6,300 ...

The maximum amount that can be written off by a debt relief order has gone up from £30,000 to £50,000.

This means in general, it is normally a better idea to pay off your debts. It goes without saying, that you should always make sure you’re making the minimum repayments on all your debts and bills.