Climbing out of debt can feel overwhelming and costly. That’s why it’s important to understand your options and choose a debt payoff plan that’s right for you. Learn about two popular strategies for paying off debt—the snowball method and the high rate method—so you can chart a course to being out of debt once and for all.

Remember to be in communication with your financial institution about your debt. They may have other opportunities you can use to help pay down outstanding card balances.