Here’s how debt really works in the UK: The average UK adult holds over £4,200 in unsecured (non‑mortgage) debt - including credit cards and loans. Across the nation, unsecured debt totals over £227 billion!

That’s a financial weight for millions. But it doesn’t have to stay that way. The Avalanche Method helps you pay off debt faster and save on interest.

How it works

Step 1: List Debts + Interest Rates
Write down every balance and its APR. Order them from the highest interest rate to the lowest.

Step 2: Pay Minimums on All + Extra on the Highest APR
Focusing additional payment on the most expensive debt saves you money over time.

Step 3: Call to Negotiate or Transfer Balances
Ask your provider for a lower rate or consider a 0% balance transfer.

Step 4: Avoid New High-Cost Debt
Use your Peace of Mind Fund instead of turning to credit when emergencies arise.

Step 5: Celebrate Each Milestone
Every balance repaid is progress and motivation to keep going 🫶.

Cheddar Tip: Earn cashback with Cheddar on groceries or fuel and funnel it straight into paying off your top-interest debt.

Why It Works:
- You cut interest maximum first
- Faster debt freedom protects your credit
- You regain financial control, one balance at a time

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Disclaimer: This post is for general information only and doesn’t constitute financial advice. Always seek personalised advice from a qualified professional before making decisions about debt.