HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Lending&Credit » debt snowball

Debt Snowball

Definition
A debt reduction method that starts with paying off the smaller debts first and then adding those funds to other payments to eliminate larger debts. The minimum payment on the larger debts would still be paid until the individual can start funneling the excess funds to the larger debts.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.