Where do loans at 0% go in a debt snowball?



If you are ready to get out of debt, you might want to consider using a debt-relief strategy to do so. The Debt Snowball Method increases motivation by winning quick and helps to reduce the overall debt burden. Here’s what you need to know about using a debt snowball if your loan portfolio includes loans with an interest rate of 0%.

What is the Snowball Debt Method?

IN snowball debt strategydebt repayment focuses on paying off the debt by starting with the smallest balance and working towards the largest. You can think of it as a snowball and put it on top of a hill. As the snowball starts rolling (you start paying off your debts), you gradually pick up speed and the snowball will get bigger and bigger until you eventually land on the bottom (where all the debts are paid off).

The debt snowball strategy is easy to use. You need:


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