01
A highest-interest-rate repayment strategy directs extra money to the debt with the highest interest rate while maintaining required payments on other debts.
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02
Prioritizing the highest-interest-rate debt can reduce the amount of interest paid over time compared with prioritizing lower-rate debts, all else equal.
supported03
A debt snowball strategy directs extra money to the smallest debt balance while maintaining required payments on other debts, then rolls the freed payment to the next-smallest debt.
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