https://marylandreporter.com/2021/08/04/debt-snowball-avalanche-or-consolidation-which-one-is-best-for-debt-elimination/ The news site for government and politics in the Free State Mon, 09 Aug 2021 17:33:51 +0000 hourly 1 https://wordpress.org/?v=6.8.2 https://marylandreporter.com/2021/08/04/debt-snowball-avalanche-or-consolidation-which-one-is-best-for-debt-elimination/#comment-22446 Mon, 09 Aug 2021 17:33:51 +0000 https://marylandreporter.com/?p=4625265#comment-22446 There’s a third DIY option called the Debt Landslide. Its purpose is to rebuild the consumer’s credit as fast as possible by repaying the newest account first. FICO and VantageScore weigh activity on newer accounts more than activity on older accounts. So, if you want to rebuild your credit score as fast as possible, organize your debts from newest to oldest and repay the newest accounts first, making sure, of course, to get caught up on any late payments first.

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