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7 Tips for Paying Off Debt Landing in debt isn’t uncommon. The average American has $90,460 in debt. If your debt is less than this number, then you’re already off to a good start. If you’re in even more debt than this, then don’t panic. There’s still hope. There are a few different ways you can get out of debt. What’s most important is doing it the right way to ensure no debt and a higher credit score. Thankfully, there are a few tips for paying off debt that you can consider trying. In the guide below, you’ll find a few of those top tips for paying off debt.