Managing my debt...

[yaris-me]

Try and see if you can consolidate the loans with interest greater than 6.00% to a loan with 6.00% or lower. If not, pay the highest interest rate off first. Many hospitals belong to credit unions. With direct deposit of your pay check they might be willing to consolidate your loans.

[2+2]

Originally Posted by yaris-me

Try and see if you can consolidate the loans with interest greater than 6.00% to a loan with 6.00% or lower.

I had to climb out of debt starting 3 years ago and at first did what all the "experts" tell you to do. I concentrated on the highest interest debt first. The problem I had was managing that many bills when I really just wanted to concentrate on my job and living frugally (takes time to prepare meals to take-with etc).

My debt was credit cards so it was different but something here might help you. I concentrated on the smallest debts first but also the ones that were the biggest headache to deal with. For instance, I owed Lowes a few hundred and I didn't like their website payment thingy. So I paid them off pronto and had one less headache. Next was Home Depot and so on.

Once I got the debt down to the 3 biggest credit cards I switched tactics and concentrated on the highest interest card. I get paid weekly and every week I made a payment on the card. Also, I used the card for all my purchases through the week. It's a nice incentive to spend less at the grocery store etc when you've handed pretty much your whole paycheck over to the credit card company and you're not making as much progress as you'd like. Can you say off-brand veggies taste great? I thought you could. lol

Consolidating as much of the debt as possible would make managing it a lot easier!