Which method works best for paying off debt?
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M$2 Answers
Source: http://www.eliminate-creditcard-debts.com/solutions-to-credit-card-debt.html
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M$From Wikipedia.com
-quote
The debt-snowball method of debt repayment is a form of debt management that is most often applied to repaying revolving credit — such as credit cards. Under the method, extra cash is dedicated to paying debts with the smallest amount owed.
-endquote
There are two methods you can use to consolidate your credit cards. The first method some credit cards let you use is to transfer your debt from one credit card to another to pay all your debt off at the lower interest rate on the second card. This is also known as a balance transfer. The other, less preferable method to consolidate your credit card debt is to use a credit counseling service.
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