Rob Perkins paid off $20,850 in credit card debt in two years using the debt-snowball method: he tackled his smallest $2,000 balance first, paid minimums plus 10% of his paycheck toward it, then rolled freed-up payments into the next card. He now has an 850 credit score.
Let me share how I tackled $20,850 in credit card debt. I decided to use the snowball method, starting with my smallest $2,000 balance. Every month, I immediately pay the minimum on every card plus 10% of my paycheck toward that card with the smallest balance. Just 6 months later, that first card was completely paid off. After getting the quick win and feeling encouraged by my progress, I decided to get more aggressive with the next card and the next. Within 2 years, I was completely debt-free and started using those same payments to build my wealth instead. And now I have an 850 credit score.
