Dont know this, but Suze Orman would be best financial resource for this since she looks out for people's interests rather than the corporations' interests. Do recall her mentioning something about credit counseling. One of the things she recommended regarding debts is to give priority to the debt that has the highest interest and pay it down faster than other debts. In case you cant find something to lump all your debts in one whallop.
This method works depending on each situation.
One thing I know that works well called Snowball Debt pay down. One of the best way to pay down your debt. Focus on small debt by adding extra cash to paid it in full then use the same amount transfed to next small balance. Repeat until you complete you objective of paying off all of your debts.
Example:
Mortgage $150,000 = monthly $1,200.
Car loan #1 $22,000 = monthly $450
Car loan #2 $8,000 = monthly $180
Credit Card #1 balance $2,000 = monthly minimal $35
Credit card #2 balance $1,500 = monthly minimal $30.
Total debt $33,500.
First focus on Credit card #2 and increase to $150 monthly (if possible). Then it will pay off by 10 months.
You will have $150 cash to use to focus paying off Credit card #2 and your monthly will total $185. You will complete that in 11 months.
Then move on that $185 to next loan Car loan #2. Combine monthly will be $365. 22 months completed.
then move $365 to next Car loan #1. Your combined would be $815. Will pay off by 27 months.
Then you are left with mortgage. Adding $815 to your mortgage is not something everyone want to do. But ideally can complete your pay off your debts faster.
Simple process. This was from Dave Ramsey's Extreme money make over. Its 80% behavior with 20% income. Not exact quote but something like that. You can find it via website
Real Debt Help - Get out of debt with Dave Ramsey's Total Money Makeover Plan. (Daveramsey.com).