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Stories

People who got out of debt, in their own words

Debt can feel like something only you are going through. It isn't. These are real people explaining how they climbed out, what it cost them, and what they'd tell someone starting today.

Hand-picked from YouTube. We don't make these videos, nobody pays us to include them, and videos only load from YouTube when you press play.

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Good Morning America · 3 min · 2025

After a breakup left her covering rent alone, Tracy Schultz ran up $20,000 on credit cards and couldn't keep up with the minimums. A nonprofit debt management plan worked with her creditors on one monthly payment she could afford, and she paid it all off.

Credit cards$20,000

What you can learn from it

Paid it off themselves

A budget, a payoff order and a lot of months. Nobody negotiated for them.

Build your own payoff plan

Moved it to a lower rate

A balance transfer or consolidation loan, then paying it down before the rate or the habits caught up.

Check if a loan saves you money

Worked with a nonprofit counselor

One monthly payment through a debt management plan, usually at lower card rates, over several years.

Find a nonprofit counselor
  • WXYZ-TV Detroit | Channel 7 · 3 min · 2021

    How Lavell Paid Off Five Maxed-Out Credit Cards With a Nonprofit's Help

    Lavell's debt started with a card that came in the mail when he was a teenager and grew to five maxed-out cards. A nonprofit counseling agency set up a plan estimated at about five years and got one card's rate cut from 24% to 2%; he says he's now out of credit card debt.

  • Money Management International · 4 min · 2022

    Johnika's 49-Month Debt Management Plan: Paying Off $70,000 on Eight Cards

    Johnika Dreher owed about $70,000 across eight cards after furnishing a new home. Her bank referred her to a nonprofit debt management plan that lowered her rates; she finished in 49 months, paying a monthly fee under $50.

    Credit cardsAbout $70,000

    What you can learn from it

A mix of approaches

Most real paths change along the way: a new job, a side income, a call to the card company.

See which options fit you

Started over after bankruptcy

When the debt couldn't realistically be repaid, and what rebuilding looked like afterwards.

Learn how bankruptcy works

Practical first steps

Explainers from nonprofit and public media sources on the steps that come up again and again in these stories.

  • National Foundation for Credit Counseling (NFCC) · 3 min · 2025

    How a Debt Management Plan Works | NFCC

    A short animated explainer on how a nonprofit debt management plan works, set against for-profit debt settlement and its fees, credit damage and risk of being sued.

  • NPR · 18 min · 2023

    Paying Down Debt: Start With the Highest Rate and Ask for a Lower One

    NPR's Life Kit on where to start with credit card debt: asking for a lower rate, whether to save while you pay it down, spending less, and handling the hard money conversations.

  • NPR · 21 min · 2023

    Facing a Big Medical Bill? Charity Care, Itemized Bills and How to Negotiate

    Jared Walker of the nonprofit Dollar For explains hospital financial assistance, how to ask for an itemized bill and negotiate it, and paying in installments, with a practice phone call.

One story isn't a plan

  • What worked for one person depends on their income, rates and debts. Your numbers may point somewhere else.
  • The views are the creators'. Some have strong feelings about options, like balance transfers or bankruptcy, that fit some people and not others.
  • Be wary of any video that ends by selling a program, especially one that asks for fees before any debt is settled.

Your story starts with the whole picture.

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