You can repay your revolving credit in a very systematic manner through the debt snowball method. Revolving credit in our discussion would mean things like credit card where you enjoy a continuous line of credit to be repaid on a monthly tenure. The debt snowball method has become popular because of its effective results and is considered a great financial restructuring tool by some of the debt management company (ies).
The method requires you to list every debt you have at the moment. The list should preferably be created in an ascending order of the debt amount. Also list the APR or the interest rate that you pay for the particular debt value.
Against each of the debt amount create a new column and list the minimum amount that you need to pay as per the credit card company requirements.
The next step in this debt management plan is to understand your cash flows (cash inflow particularly). Calculate the amount that you would be able to set aside for payment of your revolving credit after you have paid the household expenses and the min pay for all of the different revolving debt. Use the remaining of the cash flow to repay the debt which is at the top of the list. Start working down the list every month and soon you would have done a great debt management job. It’s one of that debt management program that every debt manager swears by.