When you have lots of different kinds of debt, paying them all down can seem like an impossibility. But there are some tactics out there that can help you pay down debt while making it easier to show your progress. The two main tactics are called avalanche and snowball.
Snowball debt payment is the one that shows the most progress, as you’ll pay down the smallest debt first while making the minimum payments on your other debts. Once that debt is paid off, you’ll move to the next smallest and so on.
The avalanche method of debt payment has you paying off the debt with the highest interest rate first while making the minimum on your other debts. This might show less progress at first, but it also means you’ll pay less overall because as you pay off that debt, you have less to pay in interest.
You can use a mix of both of the methods to help you get control and see progress, but it’s important to not continue to increase the use on credit cards, otherwise it’s defeating the purpose of the payoff method. Good luck!