Sentences with phrase «different debts with high interest rates»

Not exact matches

If you have different debts, you may focus on paying down aggressively the debt with the highest interest rate while you make just minimum payment on the debts with lowest interest rates.

Conversely, you could adopt different manual debt repayment methods such as the snowball method that allows you to allocate a large amount of money to the debt with the highest interest rate, whittling it down until it's gone and then moving to the next one and so on.

There are different schools of thought, with some insisting that you start with the debt that has the lowest balance, and others insisting that you rank your debts in order of highest interest rate to lowest interest rate.

If you have different debts, you may focus on paying down aggressively the debt with the highest interest rate while you make just minimum payment on the debts with lowest interest rates.