A debt reduction method that starts with paying off the smaller debts first and then adding those funds to other payments to eliminate larger debts. The minimum payment on the larger debts would still be paid until the individual can start funneling the excess funds to the larger debts.
Related information about debt snowball:
- Debt-snowball method - Wikipedia, the free encyclopedia
The debt-snowball method is a debt reduction strategy, whereby one who owes on more than one account pays off the accounts starting with the smallest ...
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