Avalanche: The debt avalanche method involves making minimum payments on all debt, then using any extra funds to pay off the debt with the highest interest rate.
Snowball: The debt snowball method involves making minimum payments on all debt, then paying off the smallest debts first before moving on to bigger ones.
There are Two methods avalanche and snowball
Avalanche: The debt avalanche method involves making minimum payments on all debt, then using any extra funds to pay off the debt with the highest interest rate.
Snowball: The debt snowball method involves making minimum payments on all debt, then paying off the smallest debts first before moving on to bigger ones.
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