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26 October, 11:54

Explain using complete sentences how someone might snowball their debt

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  1. 26 October, 12:17
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    In order to snowball your debt, you first need to review your debt and start paying off your smaller bills off completely while still paying your regular monthly payments for your other bills. For instance, if you have a car loan balance of $6,000, a furniture store balance of $2,000, car repair balance of $1,000; You would first start paying off your car repair balance completely, followed by the furniture store balance then the car loan.
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