How can I reduce my debt?
First, take some time to fully understand your debt. How much do you owe to each of your creditors? What are the terms on each debt instrument-interest rate, minimum monthly payment, etc.?
Then, look at your spending. Are there steps that you can take to reduce spending so that you can use more of your funds to pay down debt? If you are in a position to pay more than the monthly minimum or even pay off one of your debts, it may make sense to tackle the debt with the highest interest rate first, although effective rate may vary based upon tax implications.
There are many considerations including personal, legal and tax ramifications that will vary for each individual situation. A personal financial advisor may be able to help.