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If you feel buried by an avalanche of debt, something known as the debt avalanche method may come to the rescue.
The debt avalanche method is a strategy for paying down debt. It involves concentrating on paying off your highest-interest debt first, followed by the debt with the next highest interest rate and so on. This method may help you dig out from a debt avalanche and reduce hefty interest charges.
How Does the Debt Avalanche Method Work?
When you follow the debt avalanche strategy, you focus on eli…
Read the full article at: https://www.forbes.com/advisor/debt-relief/debt-avalanche-method-how-it-works/
