Knowledgebase Articles For General Debt Questions

What is the hybrid (debt ratio) payoff plan?

Created March 12, 2021 | 2657 Views

The idea behind the Debt Hybrid (Debt Ratio) plan is to bring together the best parts of the snowball and avalanche payoff methods so that you can pay debts off quickly and effectively while at the same time maintaining your motivation. The snowball debt payoff method is popular because it allows more

What is the cash flow index (CFI) payoff method?

Created March 9, 2021 | 2227 Views

The Cash Flow Index (CFI) payoff method is a way to identify the debts that have the most impact on your cash flow and pays those off first. By prioritizing these debts, you can free up cash and cut down on required monthly payments. This plan appeals to people who value the flexibility of lower more

How do I choose which debts to pay off first?

Created March 6, 2021 | 1841 Views

In general, the best way to decide which debt to payoff first is to start with the debt with the highest interest rate and work your way down from there. From a purely mathematical standpoint, the debt avalanche (highest interest rate first) payoff method is the most effective way to pay down debt. more