Talk:Debt snowball method

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What drivel! Where is the analysis? This subject deserves some formulas and mathematical models.

I have heard a claim that the "debt snowball" method does in fact produce favorable results when the subject is in the position of paying "minimum payments" on a set of credit cards. I doubt though that minimum payments on all credit cards plus any extra on the lowest balance card will always yield the best outcome. In some cases minimum payments do not reduce the balance when a balance is beyond the credit limit; clearly the "overlimit" charges exceed most interest rate disparities; I think that debt coaching should focus upon reducing first any debts for which extraordinary charges are being applied.