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Which answer choice best describes the debt snowball method?
a.
pay off credit cards in order of interest they carry, lowest interest first
b.
pay off credit cards in order of interest they carry, highest interest first
c.
pay off credit cards in order of balance amount, lowest balance first
d.
pay off credit cards in order of balance amount, highest balance first

Respuesta :

yashddsy26
it is C ! In this debt reduction, smallest balance are paid off first !

Answer:

Option C is correct.

Step-by-step explanation:

The debt-snowball method is a debt reduction method where if a person owes dues on more than one account, will start paying off from smallest balances first while paying the minimum payment on larger debts.

So, option C is the correct answer - pay off credit cards in order of balance amount, lowest balance first

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