If you have a lot of high-interest consumer debt, it is important to pay it off quickly. The high-interest rates are an opportunity cost for savings and investing in your future. In addition, the faster you pay your high-interest debts off, the more money you will have for other priorities.
It can seem overwhelming to pay off your debts, but at Creditaid, we are here to help make it easier.
Continue reading “How the Debt Snowball Method Works”