Tag: Avalanche Technique

23
Oct

Loan repayment techniques – Snowball vs. Avalanche

As the society grows more materialistic, so does its debt burden. However, each penny borrowed today has to be returned with interest tomorrow. Paying EMI on a single loan, say education loan may not be so difficult but when one has to simultaneously pay EMIs of several loans such as Car loan, credit card dues etc, it becomes burdensome. If

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