What is most effective way to pay down debt?

considering Dave Ramsey way - pay lowest debt leading to highest, snowballing on psychology of feeling of accomplishment. Or, highest interest debt first. Or, DOLP method as explained on Yahoo finance by David Bach:
http://finance.yahoo.com/expert/article/...

Whichever one you can stick with will be the most effective way to pay down your debt.

Well you shouldn't pay the minimum payment every month. Then, you'll be paying years and years worth of interest. Balance out your income so that you know you're no spending more money than you're making. Now, its harder to file for bankruptcy so you'll end up having to pay as much as you can a month to eliminate the debt.

There is a great place to go with this. I was in a very similar situation.

This is getting help from real people without the use of banks or credit card companies. Good Luck!

http://www.prosper.com/join/lzc5wh

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