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MONEY PLAN

PAY OFF CARD DEBT FAST

Avalanche vs. snowball, in plain English

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About 22% APR

That’s the average rate on cards that charge interest, according to Federal Reserve data.

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List every card

Balance, APR and minimum payment. Seeing it all turns worry into a plan.

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Stop the growth

Pause card spending and build a $500–$1,000 buffer for surprises.

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Avalanche

Pay the highest APR first. You pay the least interest overall.

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Snowball

Pay the smallest balance first. Quick wins keep you motivated.

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Cut your rate

Ask your issuer, try a 0% balance transfer (3–5% fee) or a credit union loan.

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Get real help

Nonprofit NFCC counselors can help. Be wary of debt settlement companies.

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Your step-by-step payoff plan

Methods compared, balance transfers and when to get help.

General information, not financial, legal or medical advice. nexgenheadlines.com