Are you stressed out over debt? Is it the first thing you think about in the morning and the last thing you think about at night? If you answered yes to any of these questions, it is time for you to make some decisions about managing your debt. You do have options that will help you get out of debt and get you on the path towards debt freedom.

The best way to get out of debt is to develop an aggressive plan to repay your debts, beginning with the account that has the smallest balance. Pay as much as you can towards that account and make only minimum payments on the rest of your accounts. Once you have paid that account, begin paying on the account with the next lowest balance.

Again you should being paying minimum payments on everything, but the account with the lowest balance. You should be able to pay the minimum amount plus the amount that you were paying on the previous paid off account. This method is referred to as snowballing of payments and will help you become debt free more quickly.

Unfortunately, not everyone has the funds to be able to payoff their credit cards aggressively. One of the best ways to escape this is to consolidate your unsecured debts with a credit counseling company. You do not need good credit and as long as you can pay 2% of what you have in debt, you should be a great candidate for this program. With this program you should be able to be out of debt in 3 to 5 years.