Debt
Credit Card & Debt Payoff Calculator
Enter your current balance, APR and monthly payment to see how long it will take to clear and how much interest you'll pay along the way.
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Extra you can throw at debts each month
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Total balance
£12,000.00
Avalanche (highest APR)
3y 1m
Interest paid (avalanche)
£3,254.76
Snowball (smallest first)
3y 1m
Interest paid (snowball)
£3,254.76
Minimums only
60y 0m
Avalanche saves the most interest; snowball builds momentum by clearing small balances first.
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How this debt payoff calculator works
Each month, interest is added to the balance based on the APR.
Your payment is then subtracted from the new balance.
If your payment is less than the monthly interest, the debt will never be paid off — the calculator will flag this.
Frequently asked questions
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