Snowball Repayment Method

What is the Snowball Repayment Method?

Snowball Repayment Method Definition: The snowball repayment method focuses on paying down your smallest debt first, followed by more significant amounts of debt until they are all paid in full.

This snowball repayment period allows borrowers to build a sense of momentum and see results quickly, while better managing finances over time. It lets borrowers focus on tackling larger loans and debt while paying off the smaller ones first.

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