What is the best way to pay off debt?

Terry Says

There is a simple formula for paying down credit card debt:

1.  Take the current monthly minimum payment, and DOUBLE IT!
2. Pay that amount this month, and every month thereafter (NOT double the NEW minimum, but that original amount.
3. Don't charge another penny on that card.

Do that EVERY month, on time, and your card will be paid off in full in less than 3 years!