When you’ve accumulated debt across many credit cards and other debts, the repay strategy can feel a little daunting. You may feel like you’ll never get out from under debt. Even though it may feel a little hopeless at the time, with the right strategy in place you can actually conquer your debt once and for all.

You just need to come up with a repayment plan that works for you. Two very popular and effective strategies you may want to consider include, Debt Snowball and Debt Avalanche.

Both of these strategies involve making the minimum payments on all of your accounts while aggressively paying down one account at a time. The biggest difference is how each plan prioritizes, which accounts get paid down first.