💳 Debt Management Tool

Debt Payoff Calculator

Calculate how long it will take to pay off your debt and how much interest you'll pay.

Enter your debt information

Total Debt ($)

Interest Rate (% per year)

Monthly Payment ($)

Minimum payment usually around 200 (2% of balance)

⚡ Debt Avalanche

Pay minimums on all debts, extra goes to highest interest rate first. Saves most money.

❄️ Debt Snowball

Pay minimums on all debts, extra goes to smallest balance first. Best for motivation.

💰 Pay More

Even small extra payments significantly reduce payoff time and interest paid.

📞 Negotiate

Call creditors to negotiate lower interest rates. Many will reduce rates for good customers.

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Preparing your financial insights