Living Simplii

If you've got debt, you've got company — millions are in the same boat. Here's how to start the repayment journey.
Jessica Martel 4-minute read
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Things to consider when choosing a debt repayment strategy

3 simple debt repayment strategies


Debt Balance Interest
Credit Card 1 $500 18%
Student Loan $1,500 5%
Credit Card 2 $2,500 28%

Why it works


2. Debt avalanche strategy:

Debt Balance Interest
Credit Card 2 $2,500 28%
Credit Card 1 $500 18%
Student Loan $1,500 5%

Why it works

3. Debt blizzard strategy

Debt Balance Interest
Credit Card 1 $500 18%
Credit Card 2 $2,500 28%
Student Loan $1,500 5%


Why it works


Which strategy is "right" for you?

Great rates. No monthly fees. As simple as that.™

Written by
Jessica Martel

Jessica is a professional researcher and freelance writer. She writes about personal finance, psychology, parenting and higher education.

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