Which account should get paid first for reducing the debt?

Are you talking about a consolidation program?If so,they make a payment to each of your creditors
each month.Once you are in the program,they work at
lowing your interest rates.So far,in the program Im in,one of my credit card companies lowered my interest from 24% to 15%.Im still waiting for the others.

Hi Rebecca

Welcome to the forums.

Your prime objective should be to reduce the total amount of debt effectively. If a particular account is catching the highest rate of interest, you should work on reducing this account first. You will be able to save lots of money in interests in the long run.

It will also be better if you can separate some money for each of the accounts. Contributing payments towards each of the accounts at the same time will help in overall reduction of the total debt.

You can also opt for a consolidation program that offers reduction in the total amount of interests. Moreover, the late fees and other financial charges will be waived off from your account and you will be offered an amount that will be much easier to pay back. There are other benefits available in this program. Please have a look at this page:

http://www.debtconsolidationcare.com/benefits.html

Take a free counseling in this website with the experts. A group of consultants will work in your program and they will design your repayment plan in a better way so that you achieve a debt free life within a reasonable period of time.

Regards
Roxette