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  2. Which debt should you pay off first? Five options to consider

    www.aol.com/finance/debt-pay-off-first-five...

    Option 1: The “high-interest first” strategy. Paying off high-interest debt first is commonly referred to as the avalanche method. This involves making the minimum monthly payments on all of ...

  3. Debt snowball vs. debt avalanche method: Which payoff ... - AOL

    www.aol.com/finance/debt-snowball-vs-debt...

    Putting $100 extra dollars toward the 28.1% APR credit card would get you to the point where you’re able to start paying off the accumulated interest, though it would take 42 months to get out ...

  4. Experts: Which Debt Should You Pay Off First? - AOL

    www.aol.com/finance/experts-debt-pay-off-first...

    Consumer debt is a serious problem in the U.S. Nearly two in three consumers are living paycheck to paycheck, including more than half of those with income exceeding $100,000, according to a ...

  5. 5 debts to prioritize paying off before retirement - AOL

    www.aol.com/finance/debts-to-pay-off-retirement...

    2. Personal or unsecured loans. After credit cards, prioritize paying off personal and unsecured loans next. These loans have an average interest rate of 11.92%, but rates can go up to 35.99% ...

  6. Pay off debt or save? Expert tips to help you choose - AOL

    www.aol.com/finance/pay-off-debt-save-expert...

    When it comes to debt repayment, choose a strategy that works best for you. Options include paying off your highest-interest debt first, paying off the smallest debt first or paying the debts ...

  7. How to pay off credit card debt - AOL

    www.aol.com/finance/pay-off-credit-card-debt...

    So if you have a $10,000 balance on a card with a 30 percent APR and $5,000 on a card with a 15 percent APR, you’ll pay off the $10,000 balance first. Cope explains that choosing a repayment ...

  8. Finance Experts: If You Want To Live Debt-Free, Make These 8 ...

    www.aol.com/finance-experts-want-live-debt...

    Pay High-Interest Debt First. If you have multiple kinds of debt, focus on paying off high-interest debt first, such as credit card balances or payday loans, Kovar said.

  9. How to pay off credit card debt - AOL

    www.aol.com/finance/pay-off-credit-card-debt...

    If you have, say, $600 per month you can budget for paying off debt, you would use the majority of those funds to pay off the highest-interest debt first. Once that debt is paid off, you can focus ...

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