Looking into prioritizing your debt can go a long way towards financial stability. Eliminating a lot of debt at once will boost your credit score compared to paying each one off slowly. Paying off a lot of your debts or picking them off one at a time is depends on personal circumstances.
If you find yourself holding on to extra money, it may be best used to service your debt load. Being able to get rid of a lot of debt at once will take a large burden off of your shoulders. In turn, creditors and lenders will be even more inclined to lend you money because you've demonstrated some serious fiscal responsibility.
It's better to pay off debt quickly rather than slowly. A major reason is the interest rates will cause the balances to increase and make it more difficult to pay off. If income limits overall bill payment, then pick the largest one to focus on. It will take longer to pay it down, but neglecting it in the form of minimum payments will cause it to grow exponentially. Interest will make it that much harder to eliminate. A smaller balance runs less risk of getting out of control. A lender may be less interested in loaning money due to the slow rate of repayment on existing balances.
An experienced debt settlement lawyer can take a look at your books and help you with making a decision. If you'd like to make settlements with creditors, utilize a lawyer to help with obtaining the most favorable results.