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Debt Payoff Calculator
Compare debt payoff strategies and create a plan to become debt-free faster.
Your Debts
Add all your debts to compare payoff strategies.
Payment Strategy
Set your extra payment amount and preferred strategy.
Amount above minimum payments you can afford
Current Totals:
Total Debt:$16,000
Minimum Payments:$450
Total Monthly Payment:$650
Recommendations
Tips for Debt Payoff Success:
- • Stop using credit cards while paying off debt
- • Consider debt consolidation if you qualify for lower rates
- • Use windfalls (tax refunds, bonuses) for extra payments
- • Track progress monthly to stay motivated
- • Build a small emergency fund to avoid new debt
- • Consider balance transfers for high-interest credit cards
Learn More About Debt Payoff
Discover proven strategies to eliminate debt and regain financial freedom.