How to clear your credit cards

Once you've worked out how much you can afford to put towards paying off your credit cards each month you should look at how you are going to split this across your outstanding card balances.

If you're using the snowballing method you'll need to allocate a larger amount of this figure to the card that has the highest interest rate, while splitting the rest of the money into the minimum repayments required by each of your other cards.

Or, you may prefer to focus the majority of your money towards the smallest debt first so that any niggling outstanding balances can be paid off quickly before you move on to the more substantial debts. However you prioritise your debts, it will help to clearly note down the amount you will be putting towards paying off each one.