Being in buried debt and not knowing how to get out of it can be very overwhelming. Add to that the many strategies, methods, and tips for paying off debt, and you may be ready to quit before you’ve even started.
Not to worry though. There are two very popular, proven ways to pay off debt: the ‘debt snowball’ method and the ‘debt snowflake’ method. But what are the differences between them? And which one is best for you?
Below is a complete explanation of both types of debt repayment strategies so you can compare which method is right for your situation.