Paying back your credit card debt isn’t as easy as it was getting into credit card debt. With a strategic plan in place with realistic goals based on dedication and discipline, you can become debt free.
The first thing you should do is figure out how much you can afford to pay on your credit card debt. Subtract your expenses from your income. Now that you know how much you can spend paying back your credit cards, the next step is to plan how best to pay your credit cards.

There are two methods for paying off your credit cards. One is to go through the Offer in Compromise process, whereas you make settlements one by one as you save for a one-time payment. This requires the most discipline as the money is always on hand for those unexpected “emergencies”

The second is to repay the debt through a structured repayment plan. The question now is:
Highest interest rate first?
Paying off the credit card with highest interest rate will save you money in the long run, especially if the highest interest rate credit card also happens to be the card with the highest balance.

When the highest interest rate card also has the highest balance, it will take the longest to pay off.

Or lowest balance first?
There is immediate benefit to paying off the credit card with the lowest balance first. The balances are easier and quicker to pay off and when you finally pay off a bill, the feeling of accomplishment is motivation to keep you going.

Whichever plan you begin, make sure that you can stay the course!