If you are wondering how to pay down debt, you will be happy to know that you have choices when it comes to credit relief. You may have heard of the debt avalanche and the debt snowball methods before, but are not sure how they work and which is the best option for you. Both focus on paying as much as you can toward one of your debts, and making the minimum payments to the others. Although they are both effective methods for debt reduction, they take two different approaches. Use this how to pay down debt infographic to compare and contrast the two repayment strategies and decide which is the best possible debt reduction method for your unique financial situation.
You can embed this infographic on your blog or website! Simply copy the code below and paste it into your website.
<a href="https://www.consumercredit.com/debt-resources-tools/infographics/money-management-infographic/how-to-pay-down-debt/"><img src="https://www.consumercredit.com/wp-content/uploads/2020/06/how-to-pay-down-debt.jpg" alt="How To Pay Down Debt: Snowball Vs. Avalanche Method" title="How To Pay Down Debt: Snowball Vs. Avalanche Method" /></a>