Debt Payoff Calculator
See exactly when you'll be debt-free. Compare Avalanche vs Snowball methods and find how much interest you'll save.
💳 Your Credit Cards
Enter the total amount you can pay toward debt each month (should be more than your total minimums)
📚 Debt Payoff FAQ
Avalanche vs Snowball — which is better? 🤔
Avalanche saves the most money — it targets high-interest debt first and minimizes total interest paid. Snowball builds motivation by eliminating small debts quickly for psychological wins. If you have strong discipline, use avalanche. If you need momentum to stay motivated, use snowball. Both beat paying minimums forever.
How much does paying off debt improve my score? 📈
Significantly. Credit utilization makes up 30% of your FICO score. As you pay down balances, your utilization drops, and your score rises. The improvement shows up within 30-45 days of your statement closing. Users who get to under 10% utilization often see 40-80 point jumps.