Getting out of debt
A math problem with a process, not a verdict
Debt carries a shame that keeps people from acting — but it's a math problem with a process, not a measure of anyone's worth. This track is the emotional flip side of borrowing: the strategy and psychology of paying off what's already owed. It covers building a calm, complete debt inventory, the avalanche vs. snowball payoff methods, the balance-transfer and consolidation tools that can help or hurt, and the rights every borrower has when a debt reaches collections. Warm, judgment-free, never pushy.
4 lessons · about 27 minutes total · 100% free
Saved on this device only — no account needed.
1. Taking inventory of what you owe
Paying off debt starts with a list, not a payment. Build an inventory — every balance, APR, minimum and due date — and find your true monthly minimum.
7 min read
2. Avalanche vs. snowball: two ways to pay it down
With the debts listed, which one gets your extra dollars first? Compare the avalanche (highest APR) and snowball (smallest balance) methods on the same three debts.
6 min read
3. Consolidation, balance transfers, and the traps
Balance transfers and consolidation loans can cut your interest or make it worse. Learn the fee, the promo cliff, the term trap and the debt-relief pitches to avoid.
7 min read
4. Dealing with collections and your rights
A debt in collections comes with rights. Learn how a charge-off works, what the FDCPA lets collectors do, the seven-year rule, and why every agreement goes in writing.
7 min read