Debt
Follow the latest Debt news, videos, and analysis from ABC News.
January 30, 2023, 9:20 AM

Mom pays off $72K in student loan, credit card debt using these tips

Amanda Courtney accrued over $20,000 in interest on her student loans.
January 30, 2023, 9:20 AM
Mom pays off $72K in student loan, credit card debt using these tips
January 19, 2023, 3:54 PM

Teacher who adopted her former student and his brother eliminates over $48,000 in debt

Chelsea Haley of Marietta, Georgia, has eliminated a total of $48,683.41 in debt -- the amount she owed in credit cards and student loans with interest.
January 19, 2023, 3:54 PM
Teacher who adopted her former student, his brother eliminates over $48,000 in debt
2 months ago

IMF agrees to give Ghana $3 billion debt bailout

The International Monetary Fund has agreed to give Ghana $3 billion to try to get the West African nation’s debt under control and restore financial stability
2 months ago
2 months ago

Mom’s grocery budgeting hacks help cut down $93K in debt

Best ways to save on food and household staples.
2 months ago
Mom’s grocery budgeting hacks help cut down $93K in debt
2 months ago

Fit Finance: How to build an emergency fund, how much to save for it and how to avoid spending it

How to build an emergency fund, how much to save for it and how to avoid spending it.
2 months ago
How to build an emergency fund, how much to save for it and how to avoid spending it
5 months ago

Student loan relief around the corner for debt-ridden Americans.

President Joe Biden announced his administration will forgive $10,000 in federal student loans for qualifying applicants. The controversial plan is expected to launch in early October.
5 months ago
Student loan relief around the corner for debt-ridden Americans.
5 months ago

Single mom who paid off $34K of debt empowers other single moms to face their debts

Dyana King, a single mom of two, told "Good Morning America" how she paid off more than $34,000 in debt between 2016 and 2020.
5 months ago
Single mom who paid off $34K of debt empowers other single moms to face their debts
5 months ago

Debt Diaries: She paid off a $102K student loan and bought a house in the same month

In this edition of Debt Diaries, meet Melissa Jean-Baptiste, who got serious about her finances and then got serious about adulting.
5 months ago
Debt Diaries: She paid off a $102K student loan and bought a house in the same month
5 months ago

The student debt gender gap: Women burdened more by debt call for systemic changes

The burden of student debt falls on women, which leaves lasting consequences, experts say
5 months ago
Student debt burden falls on women, leaving lasting damage, experts say
7 months ago

Fit Finance: How to create a 1-year spending plan and rethink your budget

Tasha and Joseph Cochran of One Big Happy Life will guide you through the process.
7 months ago
How to create a 1-year spending plan and rethink your budget
10 months ago

Tackling credit card debt amid rising rates

Americans are making more money on average, 5.6%, more compared to this time last year, but inflation is rising faster at 8.5%, the highest in 40 years.
10 months ago
Tackling credit card debt amid rising rates
10 months ago

US secretary of education talks about forgiving student loans

ABC News' speaks with Education Secretary Dr. Miguel Cardona about the latest extension deferring student loan payments, and whether President Joe Biden should forgive student loan debt.
10 months ago
US secretary of education talks about forgiving student loans
10 months ago

Mom pays off $137,000 in debt

Brandyn Rodriguez of Cibolo, Texas, shares how she tackled her debt in less than five years.
10 months ago
Mom pays off $137,000 in debt
10 months ago

Mom reveals how she paid off $137,000 debt

Texas mom Brandyn Rodriguez shares how she paid off $137,000 in debt with her husband DJ over the course of 59 months.
10 months ago
Mom reveals how she paid off $137,000 debt
1 year ago

How this couple used side hustles to pay off $144K debt

Anthony and Jhanilka Hartzog paid down their debt in two years.
1 year ago
How this couple used side hustles to pay off $144K debt
1 year ago

Fit Finance: Influencers share 9 tips for paying down debt in 2022

How to crunch numbers, frame your mindset and even save money while tackling your goals in 2022 and beyond.
1 year ago
They paid off $300K in debt. Here are their 9 tips to tackle your debt in 2022
1 year ago

Debt collectors can now contact you on social media

New financial rules allow debt collectors to send direct messages to users across social media platforms.
1 year ago
Debt collectors can now contact you on social media
1 year ago

Failure to raise the debt ceiling would be a ‘catastrophe’: Yellen

George Stephanopoulos interviews Treasury Secretary Janet Yellen on “This Week.”
1 year ago
Failure to raise the debt ceiling would be a ‘catastrophe’: Yellen
1 year ago

How young couple paid off $123K in debt

Financial expert Lynn Richardson shares how you can get out of the red and save at the same time.
1 year ago
How young couple paid off $123K in debt
1 year ago

Couple pays off $123K in debt, here's how you can too while saving for the holidays

Anjie and RJ Muhammad paid off their student loan debt within a year with budgeting, taking on side hustles and watching what they spent.
1 year ago
How young couple paid off $123K in debt
1 year ago

How this family paid off over $200K debt in 18 months

Karen Akpan and her family made major changes after she was laid off from her job.
1 year ago
How this family paid off over $200K debt in 18 months
1 year ago

How one couple paid off $200K in debt

A couple sold their home to pay off debts and traveled the country living in an RV, starting a travel blog to make ends meet.
1 year ago
How one couple paid off $200K in debt
2 years ago

Florida A&M University pays $16M in student debt

The school's president made the announcement during a commencement ceremony for the class of 2020, following in the footsteps of other historically Black colleges and universities
2 years ago
Florida A&M University pays $16M in student debt
2 years ago

What to know when getting a micro loan

Micro loans have helped many owners across the country expand their small businesses.
2 years ago
What to know when getting a micro loan
2 years ago

Couple who took out $100,000 loan to start family shares how they planned to go into debt safely

Couple who took out $100,000 loan to start family shares how they planned to go into debt safely
2 years ago
Couple who took out $100,000 loan to start family shares how they planned for it
2 years ago

How to get into debt safely

A couple that took out a big loan to start a family shares their strategy for how they did it.
2 years ago
How to get into debt safely
2 years ago

How travel journalist paid off $30,000 in student debt

Dominique Jackson said she paid off her student loan debt in December by following advice from financial gurus Dave Ramsey and Tiffany the Budgetnista.
2 years ago
How travel journalist paid off $30,000 in student debt
2 years ago

Debt Diaries: How this travel journalist paid off $30K in student loan debt

Dominique Jackson, a journalist from Columbus, OH, paid off $30K of debt with a delayed gratification mindset.
2 years ago
Debt Diaries: How this travel journalist paid off $30K in student loan debt
2 years ago

2 moms who paid off more than $300,000 in debt share tips for not going into debt at Christmas

Lauren Mochizuki and Chonce Rhea each changed the way they approach Christmas.
2 years ago
Money tips for Christmas from 2 moms who paid off more than $300,000 in debt
2 years ago

This ‘budgetnista’ makes it her mission to help others tackle their finances

After paying off $300,000 in debt, Tiffany Aliche is helping others learn to budget so they can pay off their own debts.
2 years ago
This ‘budgetnista’ makes it her mission to help others tackle their finances
2 years ago

Father of 2 pays off $20K in debt with the help of ‘Bad With Money’ podcast

Jesse Manzo said his problems with money began when he was very young, and despite working two jobs and a side hustle, struggled to get ahead.
2 years ago
Father of 2 pays off $20K in debt with the help of ‘Bad With Money’ podcast
2 years ago

34-year-old pays off $300,000 in debt in 3 years with 5-step program

Bernadette Joy, creator of the CRUSH Method, is helping people let go of the shame and anxiety associated with debt.
2 years ago
34-year-old pays off $300,000 in debt in 3 years with 5-step program
2 years ago

Woman creates method to pay off $30K in credit card debt

Jordanne Wells created the Debt S-L-A-Y-E-R Method and used it to pay of thousands of credit card debt in one year.
2 years ago
Woman creates method to pay off $30K in credit card debt
2 years ago

How she paid $180K in student debt with monthly interest almost as much as her rent

Cari Swanger paid off her student loan debt in 33 months thanks in part to refinancing to lower her interest rate.
2 years ago
How she paid $180K in student debt with monthly interest almost as much as her rent
2 years ago

How newlyweds paid off over $76K in debt in less than 1 year

Georgia couple Barclay Bishop Lyles and George Lyles paid off over $76,000 in debt with financial expert advice and support from friends.
2 years ago
Newlyweds share how they got debt free in 10 months
2 years ago

How these newlyweds paid off $75,000 in debt in 10 months

Barclay Bishop Lyles and George Lyles share the secrets to their success, including cutting up their credit cards and paying off smaller debts first.
2 years ago
How these newlyweds paid off $75,000 in debt in 10 months
2 years ago

Barbara Corcoran and Mark Cuban give viewers financial advice

The “Shark Tank” stars also talk about their recent Emmy nominations before sharing tips on side hustles and buying a home.
2 years ago
Barbara Corcoran and Mark Cuban give viewers financial advice
2 years ago

One woman weathers a career change and upside-down car loan to pay off $133,000 in debt

Amanda Williams of Debt Free in Sunny CA , along with her husband Josh, paid off more than $133,000 by making some big decisions.
2 years ago
One woman weathers a career change and upside-down car loan to pay off $133K in debt
2 years ago

How one woman paid off $133K in 4 years

Amanda Williams, who writes the blog “Debt Free in Sunny CA,” and her husband, Josh, are now redirecting money to their new bundle of joy.
2 years ago
How one woman paid off $133K in 4 years
3 years ago

Couple pays off debt after dream of building vacation home uncovers financial nightmare

Husbands David Auten and John Schneider, the hosts of the “Queer Money” podcast and creators of the Debt Free Guys blog, share how they paid off $51,000 in debt.
3 years ago
Husbands who dreamed of buying vacation home got real about money instead: Here’s how
3 years ago

Did you save money during the pandemic? Here is how to keep it that way

Financial expert says consider this a permanent lifestyle change
3 years ago
Did you save money during the pandemic? Here is how to keep it that way
3 years ago

The debt lasso method: A strategy and step-by-step plan to rein in your debt

Some key differences separate The Debt Lasso Method from other processes, such as the snowball method and avalanche method.
3 years ago
The debt lasso method: A strategy and step-by-step plan to rein in your debt
3 years ago

How to get financial help during coronavirus pandemic

Landlords and banks may be willing to work with you, experts say.
3 years ago
How to get financial help during coronavirus pandemic
3 years ago

Student loans get put on hold in coronavirus stimulus bill. Here's what to know.

The move is seen as good news for borrowers of some federally backed loans. What to know about qualifying, your balance and what to do with your extra money.
3 years ago
Student loans get put on hold in coronavirus stimulus bill. Here's what to know.
3 years ago

Should I sign up for a store credit card? What you should know before applying

NerdWallet's Sara Rathner offers insight into applying for a store-issued credit card, which often tout rewards and perks, along with higher interest rates.
3 years ago
Should I sign up for a store credit card? What you should know before applying
3 years ago

This couple went from RV to homeowners after paying off $130K in debt together

DJ and Dannie Vann’s small sacrifices added up to a big payoff.
3 years ago
This couple went from RV to homeowners after paying off $130K in debt together
3 years ago

Single mom combined 3 clever budgeting steps to eliminate $77K debt. Here are her tips

Kumiko Love wasn't always good with money. But as the 33-year-old mother embarked on a career as a credentialed financial counselor, she learned valuable information.
3 years ago
Single mom's viral budgeting method eliminated her $77K debt. Here are her tips
3 years ago

Middle school and high school students get an early lessons in finance: What kids need to know about money and debt

"GMA" explores a new nonprofit financial-literacy curriculum for schools.
3 years ago
How should parents teach children about money and debt?
3 years ago

3 money-saving apps you need to have right now

Here are three money-saving apps for various parts of your life guaranteed to put you in complete control of your finances.
3 years ago
3 money-saving apps you need to have right now
3 years ago

3 tips from financial experts to avoid a post-holiday spending hangover

Financial experts share three steps to take now to avoid a spending hangover.
3 years ago
How not to go broke over the holiday season