Why would you choose the snowball strategy?<p>If you have a bunch of small loans with small interest and a large loan with high interest, I can’t see any reason to get rid of the small loans fast, at the cost of paying of the big one.<p>If you have many small, high interest loans and a large low interest loan, then there is no difference between the avalanche strategy and the snowball.<p>Unless there are clauses around fines for early termination of a loan, you generally pay off the minimum for all loans, and whatever is left in the budget for loan payments goes towards the highest interest loan.