7 savvy steps to escape the credit grid
If you find extra money in your budget and you're serious about getting off the credit grid for good, consider applying it to your debts.
There are two schools of thought on which debts to attack first. One method is to begin paying down the smallest debts first. Doing so can boost your confidence and free up more money in your budget to attack the next smallest debt, and so on.
The other school says to attack the debts with the highest interest rates first, regardless of size. Paying those debts off will save more in interest than paying down a smaller debt with a lower interest rate.