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Why Snowballing Debt doesn't work.....

tpurch · 2007-04-23 13:30:33

Why Snowballing doesn't work.....well it didn't for me!!! The Theory is sound but in practice its just cost me time and Money. Here is why a little over a year ago, I decided I have to get a grip and reduce the amount of debt I owed. Having read about Snowballing I thought I would give it ago. So I decided I would target…

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ZTD Posts: 24,327 Forumite

25 April 2007 at 2:32PM

But if you do cancel - i.e. pay off your debt - you pay no penalty to the CC company, so that part does not apply.

"Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
"We were born and raised in a summer haze." Adele 'Someone like you.'
"Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky." OMD 'Julia's Song'

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Why Snowballing Debt doesn't work.....

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