Pay minimums on all debts. Throw every extra dollar at the highest-interest debt first. This is the mathematically optimal strategy — it saves the most money over time.
People motivated by numbers and maximizing long-term savings. Ideal for high-rate credit cards.
List all debts by interest rate, highest to lowest.
Pay minimums on everything except the highest-rate debt.
Put all extra money toward the highest-rate debt.
Once paid, roll that payment into the next highest-rate debt.
Continue until all debts are cleared.