Sentences with phrase «debt avalanche because»

I call it modified debt avalanche because two of the four student loans have an interest rate that's.05 % higher than the mortgage.

Not exact matches

If you ended up in debt because of an unforeseen life event, like job loss, divorce or medical emergency, but your finances were otherwise in good shape, you may have the financial discipline and wherewithal to use the avalanche method.

Because you pay less interest using the debt avalanche, you are able to achieve financial freedom faster.

However, the debt avalanche worked better long term, because I was paying off higher interest debt a lot quicker (thus saving money).

Some think that the debt avalanche is a better way to go, because it looks at the math involved in paying of credit card debt (and other debt), and helps you pay less overall — and get out of debt faster.

While many people who aren't fixated on their credit score might prefer the snowball method, because it provides the psychological satisfaction of eliminating a debt quickly (and thus having one less debt to deal with), we typically recommend the avalanche method for a quick credit score fix.