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Mario has debt on two credit cards, a private student loan, a Federal student loan, and a car loan. His priority is to eliminate some of these debts entirely by the end of the year. Which payoff strategy -- debt snowball or high rate - - do you recommend? Why?

Sagot :

Martebi

The payoff strategy that I recommend is debt snowball this is because one can pay down the smallest debt first and later pay as much as they can. not looking at the interest rate.

What is Debt Snowball?

The debt snowball method is known to be the way of paying off the smallest debts at first so as to get them out of one's way before paying for the bigger ones.

Note that this is a type of tackle the easy jobs first approach and it has an ascending order of payment. This will be better for Mario.

Learn more about debt from

https://brainly.com/question/25035804

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