Chance Quote by Jean Chatzky

I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so…

— Michelle Singletary

I'm not a fan of debt consolidation. In my experience, many people "clear" credit cards and other debt to get the one payment and…

— Michelle Singletary

A lower interest rate doesn't make a debt go away.

— Dave Ramsey

Rolling all of your debts into a single loan is a good idea - in theory. In fact, it can be a great idea.

— Jean Chatzky

Raising interest rates might lead to some initial reductions in wealth by lowering asset prices, but it could also take a bite out of…

— Gerald Epstein

As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and…

— Michael Hudson

“The quicker you settle the debt,the quicker you can move forward with your life. Actions are bigger than words and get rid of that…

— Financial Revolution

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

— Barbara Corcoran

You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and…

— Jean Chatzky

If you have even a smidgen of doubt that you'll be able to stay away from racking up additional debt, don't do it.

— Jean Chatzky

Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means…

— Alexa Von Tobel