The debt avalanche method is a debt repayment strategy that focuses on the annual percentage rate (APR) of each debt, prioritizing the debt with the highest APR first to save on interest costs.

Authors

• Person: Not available Organization: OneMain Financial
  Debt Snowball vs. Avalanche Method: What's the Difference?

Sources

• Debt Snowball vs. Avalanche Method: What's the Difference? www.onemainfinancial.com OneMain Financial via serper

Referenced by nodes (1)

• Debt Avalanche method concept