[NICKG]

I was wondering what you guys think about this, or what advice people can give on a way to pay down debt faster. To this date I have been doing multiple payments on every balance i have on a weekly or biweekly schedule(paying as much as i can in that weeks budget). I have wiped out 25k in debt in a couple of years. Now with the way companies are lowering credit limits to equal or less than balances on the credit cards, i am thinking an overhaul of this method is needed. WITHOUT wiping my savings clean, or preaching about carrying balances (most here know what happened tome with my house) I wanted to see what advice i can get on this plan
my plan is to pay minimums(not the card min, mine which is 2x the card min) on a few cards and take the money that I was paying extra on those accounts and focus it on 1 specific account at a time until it is paid off (i have 5 accounts total that I want to pay off and the sum balance is like $8k) this would effectively free as much as 500 monthly to pay lump payments

The old way that i am doing things is a proven winner, but i think that a focus on specif accounts my be better than paying across the board and spreading thin (relatively speaking, i pay 200 on a card with a 25 minimum payment)
what do you think?