Stop using credit cards and take on no new debt
List every debt, balance, interest rate, and minimum payment
Build a strict budget and cut all nonessential spending
Use the debt avalanche method: pay extra on the highest-interest debt first
Or use the debt snowball method: pay extra on the smallest balance first
Make more than the minimum payment on every debt whenever possible
Increase income with overtime, side jobs, freelancing, or selling items
Apply all extra money directly to debt repayment
Negotiate lower interest rates with lenders
Consolidate high-interest debt into a lower-interest loan if it saves money
Refinance loans if you qualify for a better rate
Avoid cash advances and buy-now-pay-later plans
Use windfalls like tax refunds, bonuses, and gifts to pay debt
Set up automatic payments to avoid late fees
Reduce housing, transportation, food, and subscription costs
Consider a debt management plan through a nonprofit credit counselor
Prioritize high-interest and overdue accounts first
Sell unused assets and apply the proceeds to debt
Track progress weekly and adjust the plan aggressively
Keep an emergency fund only after high-interest debt is under control