Debt stress not only cripples your finances but also your health stress can lead to chronic pain and illness before your stress becomes too much to handle get ahold of your finances and go debt free your 7 step guide to becoming debt free there are steps you can take to pay down your major financial obligations and start to live debt free. If you owe money on student loans car loans and credit card bills youre not alone the latest numbers from the federal reserve show that the total national household debt stands at a whopping 1427 trillion 1 thats trillion with a t yeah its safe to say that worrying about debt is a national epidemic at this point even though we all know debt is a huge problem everyone . Generally credit card debt car payments mortgage and student loans make up the majority of outstanding debt that most people struggle with add up these debts and any other types of debt that youve incurred get a number on the table and face it 2 prioritize your highest interest debts once youve got the raw data its important to look a little closer which loans have the highest . How to get out of debt in 2020 7 strategies that work you can become debt free and heres how learn how to boost your credit score while paying down student loan debt car loans and high