Videos

5 ways out of debt, ranked

Short videos explaining each option. No sales pitch, just clarity.

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How We Think About Debt

Option 1 of 5 Best Option

Borrow Without Breaking

Family & Friend Loans

Get an interest-free loan from family or a gemach without straining the relationship. The fastest path to freedom.

Option 2 of 5 Great If You Qualify

Beat the Interest Trap

0% APR Strategy

Transfer balances to 0% cards and attack principal fast. Families can save tens of thousands of dollars in interest as a result.

Option 3 of 5 Most Popular

One Payment. Done.

Debt Management Plan

Credit counseling reduces rates to 0-6%. One monthly payment. Done in 3-5 years. The simplest path for most families.

Option 4 of 5 Last Resort

When You're Underwater

Debt Settlement

Negotiate to pay 30-50 cents on the dollar. Damages credit, but sometimes necessary when you truly can't pay.

Option 5 of 5 Emergency Only

The Nuclear Option

Bankruptcy

Rarely needed for credit cards. When settling isn't an option and there's no money to pay even a reduced amount.

Summary Watch Last

Which Option Is Right for You?

Quick Recap

A 1-minute summary to help you decide your next step. Not sure where to start? This will point you in the right direction.

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Calculator

Calculate Your Savings

See how much you could save on credit card debt.

$
%
%
Annual savings
$8,100
Current interest
$10,800/yr
New interest
$2,700/yr
Old monthly
$1,050
New monthly
$870
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Podcast

Learn from our lead debt expert

Mordy Richler joined Eli Nash's In Search of More podcast for a 2-part series on debt, money, and what's really going on underneath.

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