Consolidating credit debt loan

Here's how it works: Some people like to debate which debt payoff methods is best.While paying off the highest interest rates first is mathematically correct, the best method is whichever one works for you.Monitor your progress regularly to help you stay on track and motivated to reach your goals. You should decide the order in which you will pay off your debts.

Also consider using income tax refunds, pay increases, or other unexpected funds to pay down your debts.For even more ideas of where you can find money to help pay down your debt, have look here (the ideas are about all the places you can find money to save.You're just going to use the money to pay down debt instead).After paying debts that are on fixed monthly payments (mortgages, vehicle, and term loans), make the minimum payments required on your credit cards with the lowest interest rates and maximize your payments on the credit cards with the highest interest rates.Once a debt is paid, use this extra money to pay down the credit card with next highest interest rate.