Debt represents one of the biggest challenges Americans face. Although some types of debt, such as mortgages and student loans, can help you build wealth by buying property or qualifying for high-paying work, even so-called "good debt" can become overwhelming if you're unable to make your monthly payments.
If you're struggling under the weight of your debt, there are steps you can take to make your payments more manageable, get out from under your bills once and for all, and improve your credit score. Paying off debt takes patience and time, particularly if you have high credit card and loan balances. This guide will help you understand your debts and develop a plan for becoming debt-free.