Why be a slave to the banks? You work hard for your money. Keep all that you can,
Many people live paycheck to paycheck. So what happens if you lose your job or have a medical setback? You may want to be in a better position. Pay down your debt!
There is a method called the Snowball effect to pay down your debt.
You can download a free Excel spreadsheet to help you with that:
Here is a video to help you understand.
There is also an "Avalanche Effect" which pays down the debt with the highest interest first. People don't ususally do this because it may take a long time to see any results, but you do save money in the long run.
Download the free spreadsheet