News | Heart of Louisiana Credit Union

What’s the Best Way to Tackle Debt?

Snowball vs. avalanche method of crushing debt

Getting rid of debt isn’t easy, but if you’re ready to do what it takes, you can shake off any amount of debt.

Let’s take a look at two popular approaches for paying down debt and explore the pros and cons of each.

The Debt Snowball Method

This approach involves focusing on paying off the smallest debt first and then working on the next-smallest debt until it’s all paid off.

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