subject: Debt Relief Options – The Top 6 Debt Relief Options Available On The Market [print this page] Snowballing debt is a method of debt relief that is successful because of psychological and financial benefits. The process starts by itemizing debts. Then the debtor sets an amount they will pay for each debt. Once the smallest debt is repaid, the debtor then applies that amount to the next smallest debt and so on until all debts are paid. The psychological benefit is that the individual quickly sees progress by paying off the smallest debt. The financial reward is being debt free.
Debt Relief Options The Top 6 Debt Relief Options Available On The Market
