 some people do manage their debt relatively well while others get trapped and struggle to get free one path toward success necessary for some is to become a cash only consumer for those with good credit scores and are able to curb their spending a balance transfer to a lower interest rate credit card could be worth a try for an effective debt management and payment plan you need to have a budget including an idea how much you can afford to pay against the debt don't be afraid to reach out to creditors to seek their help to pay down your debt