The debt snowball method prioritizes behavior modification over mathematical optimization, using quick wins from paying off small debts to motivate the borrower to continue the repayment process.

Authors

• Person: Not available Organization: Community Resource Credit Union
  Snowball vs. Avalanche Method | How to Reduce Your Debt | CRCU

Sources

• Snowball vs. Avalanche Method | How to Reduce Your Debt | CRCU www.crcu.org Community Resource Credit Union via serper

Referenced by nodes (1)

• Debt Snowball method concept