Two common debt-repayment methods differ in how they prioritize balances. The snowball approach applies extra funds to the smallest outstanding balance first, while the avalanche approach prioritizes the highest interest rate. Both require ongoing minimum payments on all debts to avoid delinquency. You can compare estimated outcomes using our debt strategy tool. Model results depend on rates, balances, and payment amounts.
What you can do next
Review your own documents carefully, use reputable primary sources, and choose steps appropriate to your circumstances.
Reviewed for introductory educational use in October 2026. This is general information, not individualized legal or financial advice.