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debt repayment

Snowball your way out of debt

by Moneyproblems TipsThu Apr 01, 2010 consumer proposal

To get out of debt fast, pay off your highest interest rate debts first, and then snowball to pay off the rest of your debts.  Here’s how it works:
Let’s assume you owe $3,000 on your highest interest rate credit card, a department store card with a 25% interest rate.  You are paying about $62 per [...]

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