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 y...read more
Go to the My Account page and select Debt Blaster from the debt payoff method list. Next, decide on if you would like to increase your budget by a percentage amount or a fixed amount. Your monthly budget will be automatically adjusted on the first day of every month. You can see your payoff plan on ...read more
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 mon...read more
Almost all issues related to custom debt payoff order have to do with the deferred interest option on the debt details page. A debt account that is truly a deferred interest account needs to be paid first regardless of plan, so these debts are automatically put to the top of the list. If you are no...read more
You can change the payoff debt method in two different places. When you choose a new plan, everything is updated automatically for you and you can change it back any time you like. The first location you can find it is on the "My Account" page. The other place is on the "Debt Snowball Table" page...read more
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. ...read more