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What best describes the Debt Snowball method for paying off debt

User Janub
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2 Answers

2 votes

Answer:

a debt reduction str

ategy where you pay off debt in order of smallest to largest, gaining momentum as you knock out each balance.

Explanation:

User Matt Brock
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2 votes

Answer:

The debt snowball method is a debt reduction strategy where you pay off debt in order of smallest to largest, gaining momentum as you knock out each balance. When the smallest debt is paid in full, you roll the money you were paying on that debt into the next smallest balance.

Explanation:

User Dean Chiu
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