Once the debt balance with the highest interest rate is paid off, the avalanche debt strategy dictates that the borrower should start paying more on the debt with the next highest interest rate.

Authors

• Person: Not available Organization: UMB
  Debt strategy comparison: Avalanche or snowball? - UMB Blog

Sources

• Debt strategy comparison: Avalanche or snowball? - UMB Blog blog.umb.com UMB via serper

Referenced by nodes (1)

• Debt Avalanche method concept