Further to my prior posts on the “snowball” and “avalanche” ways to pay down debt, here is another interesting and animated article for those who seek to slash their credit balances as quickly and painlessly at possible.

Remember, the snowball method requires you to pay off the smallest balance cards in order of ascending balances, while the avalanche method has you paying the cards with the highest interest rates in descending order of interest rates.  All other cards are paid the minimum required as set forth in the statement.

While the avalanche method may be technically superior to the snowball method, assuming you stick with it religiously, the snowball method carries with it a psychological benefit that may keep you going.  Stacking easy wins on top of each other is a great motivator to keep the momentum moving in your favor.

If neither the avalanche or snowball methods seem to be appropriate to your situation, but you would like to explore getting out from underneath pressing debt, contact us at your convenience for a free consultation.  We can usually sketch out the alternatives in 30 minutes or less, but we don’t set a timer and stop when an imaginary buzzer goes off.


We are a debt relief agency, we help people file for Bankruptcy under the Bankruptcy Code. This Blog is made available by the lawyer or law firm publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney-client relationship between you and the Blog publisher. The Blog should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

Author: westchesterbankruptcylawyer Ted Zink | Featured Attorney Bankruptcy

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