How Can You Get Out of Debt - Pay Off Higher Interest Rate Or Lowest Balance First?

So you have decided now is the time for you to get out of debt. You look at your list of bills and wonder where to begin. Do you work to pay off the account with the highest interest rate first or the one with the lowest balance first? There are many different opinions over which method is best to get out of debt, but the ultimate choice will depend on your financial situation and your goals.
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