The debt avalanche repayment method prioritizes paying off debts with the highest annual percentage rate (APR) first, while the debt snowball repayment method prioritizes paying off debts with the lowest balance first.

Authors

• Person: Not available Organization: National Foundation for Credit Counseling
  Debt Avalanche vs Debt Snowball - Best Way to Pay off Debt - NFCC

Sources

• Debt Avalanche vs Debt Snowball - Best Way to Pay off Debt - NFCC www.nfcc.org National Foundation for Credit Counseling via serper

Referenced by nodes (2)

• Debt Snowball method concept
• Debt Avalanche method concept