<prompt> Human: I have been lurking here for about a year. I currently use Mint to log all my transactions.My current debt is as follows:Eight credit cards:Amazon- 1673.43 25.99Best Buy- 1086.22 25.49 Discover- 2132.09 23.24Gamestop- 75.22 20Paypal- 1506.46 19.99Chase- 2097.74 17.49Bank of America- 1048.47 14.49NTB Tire card- 635 0 until 22017I have two vehicle loans:A 2014 Toyota Corolla- 472month. Still owe about 23,500A 2014 Kawasaki Ninja 300- 74month. Owe 3,100.My insurance is 137 for my car and 30 for my bike. I also have four loans in collections. A medical charge for a surgery in the amount of 437, anesthesiologist for 50, Urologist for 50 and community college at 635. I did not realize these loans when into collections. I dont think the hospital bill has gone into collections yet.Ive also got student loans in the amounts of 6,500 with a monthly payment of 63 and another for 1000 asking 40month. I know I can apply for income based assistance. I currently make about 32k in the Southside suburbs of Chicago. I live at home with my mom. I have read about the snowball method and the avalanche method. I am going to pay off the Gamestop card this month. The medical and school are throwing me off. Should I pay them out of my checking account or put them on my cards and pay them off when I get paid plus the minimum payment? I know those are negatively affecting my credit score. Any advice would be appreciated. Assistant: Just to make sure you understand the gravity of the situation, you have something like 45000 in debt, with a pretty high average interest rate not sure about the interest rate of your Corolla or Ninja, but I have to assume pretty high. Youve got debts in collections. You must be spending 10 or more of your income on interest charges alone.All of this, and you are making above the median individual income for the US, and living with a parent. I dont know if you are paying rent, but it is probably well below the going rate.So, clearly you have a HUGE spending problem. You are in an absolute financial crisis. If you continue living the way you are now, youre going to bankrupt in no time.The first suggestion youll probably get is to sell the motorcycle and the car. The Ninja may not be bad, if you havent wiped out and rashed it up it should be worth more than you. The Corolla is going to be tougher, I dont know how much negative equity you rolled into that loan, but considering you owe what an absolutely loaded out one costs new, Im assuming either there was some, or you got suckered into paying well over MSRP andor your interest rate is really high on a really long loan. Either way, that payment and insurance is a huge expense for you.Hopefully you can sell some of the stuff that you bought to rack up those credit cards, you wont get nearly what you paid for it on craigslist but it will help get things down to a controllable level.Im not sure that income based assistance will help much with your student loans as your regular monthly payments are way less than 10 of your monthly income.Avalanche method is the best method to pay off your debts, and that will apply after youve gotten the emergency under control and start knocking out that credit card debt with your income.Human: My Corolla is at 5.5 and my Ninja is at 7. I understand that I have been foolish with my money. Ive definitely wasted more than what I owe currently these last few years . I was going to try and pay down my cards 600 a month but that would essentially leave me broke. I have GAP on the car as well as well as the 5000 that was rolled into it. My ninja is in great shape and Ive been thinking about selling it. One goal that is pushing me through this is that I can get the bike I wanted. I feel the car is a huge burden and I was unaware of my options at the time with my focus. I need to do more research in the future like I did with my ninja.  <response>: Okay. You need to sell the bike. You need to cut as many expenses as possible. If you actually have 700 leftover at the end of the month, you should be putting at least half towards your CC debt and the other half into savings.When you state, I can get the bike I wanted. That is concerning. You dont need to buy anything else. Stop thinking about what you can next buy. You cant buy anything, you owe far too much for fun things. Literally beyond rent, food, insurance and the car payment, every other cent of your money should be going towards your debt. I would say sell the car too, but you owe much more than it is worth, that for now, keep it. To have a reliable car can be helpful. But dont buy a new car or anything else! You probably need to sell anything you can to just get cash and to be clear, that cash should go towards CC debt.You also dont make a lot. You make very little for living in Chicago. What are you doing to bring up your income? Finally, do not put your student loans or medical debt on CCs. The CCs have a very high interest rate. That will bury you in debt. 