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Independent debt information · we are not a lender · some links earn us a commission · Disclosure

Independent debt math · free

Find your fastest way out of debt

Run your own numbers. We show the total cost, fees included, and tell you when a loan would cost you more.

Worked example · 3 cards, $500/month

36 moAvalanche, highest rate first
$670Interest saved vs snowball
Total balance over timeAvalanche clears the debts in 36 months; snowball in 37 months.$0$6,250$12,500Now12 mo24 mo36 mo
AvalancheSnowball

Rewards card $6,500 at 27.99% · Store card $1,200 at 19.99% · Travel card $4,800 at 22.49%. Use your numbers

Tool 1

Should you consolidate?

Compares a loan with what you already pay, fees included.

Keep paying $400/mo$5,633
Loan, 15% APR, 5% fee$6,030

This loan costs you about $398 more.

Run your numbers

Tool 2

Snowball or avalanche?

Months to debt-free, interest saved and the order to pay.

Snowball vs avalanche on the worked example
MethodDebt-freeInterest
AvalancheOct 2029$5,117
SnowballNov 2029$5,787

Build my plan

Minimum payments only on the consolidation example: 44 yr 1 mo.

Start with your situation

What's going on?

I'm considering settlement

The fees, the credit damage and the tax bill, before you sign anything.

Debt Settlement (4)

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