If you are feeling overwhelmed by your debt and are ready to take steps toward resolving it talk to experts, like Rescue One Financial, about the avalanche repayment method to see if it is worth your consideration. Here is everything you need to know about the process, including how it works to help you get out from under that growing mountain of debt.
Find Your Interest Rates
Check the interest rates, balances, and minimum payments for all of your debt burdens. Use a spreadsheet to track them. This will help you know exactly what you must pay each month so you can figure out your overall payments.
Start With the Balance That Has the Highest Interest Rate
Find the balance that has the highest interest rate. This is the one you will focus on for now...Read More