Debt Wise How To: Debt Stacking Demo

To get out of debt faster Debt Wise powered by Equifax helps you tackle your debts with an effective strategy called debt stacking.

Personal finance expert and bestselling author David Bach explains that debt stacking is key to helping you see which debts to pay first so you can debt out of debt faster. When you set up your Fast Pay Plan in Debt Wise, the automated tool identifies your target accounts and the accounts you'll pay off first. You make the largest payment you can comfortably afford toward your target account and for all other debts in your plan you pay the minimum or your plan amount every month- whichever is greater.

After you pay off your target account, the next debt in your plan moves to the top of the list, and becomes your new target account. You'll start to see some amazing progress as your total debt shrinks, especially your final debt, since you'll still be applying that full monthly payment.

Learn more about how Debt Wise works at: http://eqfx.cm/dss

Category:

Education

Tags:

• Equifax
• David Bach
• Debt Wise
• Debt Stacking