Two proven ways to pay off debt
- Debt snowball: pay the smallest balance first while making minimum payments on the rest. Quick wins keep you motivated.
- Debt avalanche: pay the highest interest rate first. This saves the most money over time.
Both work. The best method is the one you will actually stick with.
The minimum-payment trap
Paying only the minimum due on a credit card keeps your account in good standing, but interest keeps building on the rest. Credit card interest is among the most expensive borrowing there is, so clearing it first usually makes sense.
Your credit score
In India, credit scores such as the CIBIL score range from 300 to 900. Paying on time, keeping card usage low and avoiding many loan applications at once all help it rise.
Coming soon
Debt payoff calculators, budgeting templates and real stories from people who got out of debt.