List each balance, its interest rate, and the minimum payment. Put extra money toward the highest rate while you keep up the minimums on the rest. As an illustration, 1,000 at 18 percent costs about 180 a year if the balance stays put, while 1,000 in a 1 percent savings account earns about 10. Paying the expensive balance can leave you better off, provided you still hold a small cash buffer.
Call the lender and ask whether the rate can be reduced, or whether a structured payment plan exists. If you are stuck, a nonprofit credit counselor can help you see the options. Avoid anyone who asks for a fee up front to “repair” your credit.
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Write the interest rate next to every balance. Circle the highest one and add a small extra payment to that account only.