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9 Steps To Get Out Of Debt Part 6
By Jeremy Zongker

Step 6 - Paying Off Your Debt

Hopefully by now you are committed to paying off your debt and you have freed up at least a little extra income to help you do it. Now, it's time to start paying it off. The first step is determining which debt to pay off first. Most people are tempted to try to pay off their largest debt first, but this usually isn't the right thing to do.

Get out your list of debts again and see which one has the highest interest rate. If you still have credit cards remaining after the refinance step, it will most likely be them. It is possible that your mortgage or student loans are the highest debt. However, these debts are tax-deductible, so if this is the case and y...
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