The avalanche method (also called the debt - avalanche) is a debt
repayment strategy where you pay off the loan with the highest interest rate first.
The snowball method (also called the debt - snowball) is a debt
repayment strategy where you pay off the loan with the lowest balance first.
Not exact matches
Researchers said it carries over to debt
repayment strategies,
where the «small victory» of paying off a card balance can motivate consumers to dig out of debt faster.