Make a list of all your debts, including the interest rates and minimum payments. This will help you get a clear picture of your debt and prioritize which debts to pay off first.
Make a budget that includes all of your income and expenses. Identify areas where you can cut back on expenses and redirect that money towards paying off your debt.
Focus on paying off the debt with the highest interest rate first while making the minimum payments on other debts. Once the highest interest debt is paid off, move on to the next highest interest debt.
If you’re having trouble making your payments, contact your creditors to negotiate a payment plan or a lower interest rate.
Consider seeking help from a financial advisor or credit counselor who can provide personalized advice and help you create a plan to pay off your debt.
Getting out of debt takes time and effort. It’s important to stay committed and make consistent payments towards your debt to achieve financial freedom.