Your Own Debt Management Program!
Here is a way to pay off your debts in a fraction of the normal time:
Step one: Stop charging on the accounts. You have to stop the account balances from growing while trying to pay them off. If you want to continue using a credit card while doing this, you will need to pay off all new charges in full when the statement comes PLUS your regular monthly payment. Step two: Add up all of your current monthly debt payments. Once you have done this, this number becomes your new monthly payment.
Step three: Commit to making the new monthly payment (calculated above) from now until you are debt-free. That means that when you pay off one of the debts, you will still make the same monthly payment that you started with, but will need to send that extra money (from the paid off account) to one of the other debts. It works fastest to put the extra money against the debt with the highest interest rate.
Using just these 3 steps to implement your own debt management program, you will become debt free in about 1/3 the normal time. If you want to supercharge this program add the bonus steps below:
Bonus Step 1: Make higher payments then what you calculated above in step 2. Any additional funds will go directly to the principle on the debt, and will pay it down faster. Bonus Step 2: If you get a raise/bonus/overtime etc from work, apply it to your debts. Bonus Step 3: When your tax refund arrives, add it to your next payment.
Good luck!