Debt Repayment Planner - Get Out of Debt Faster
Create a customized debt repayment plan. Compare different strategies like avalanche and snowball methods to become debt-free sooner.
Add Your Debts
Your Current Debts
Add your debts to see them listed here
Debt Summary
Create Your Repayment Plan
Your Repayment Plan
Enter your debts and calculate a plan to see results
Payment Schedule
Your payment schedule will appear here
Compare Repayment Methods
Avalanche Method
Prioritize debts with the highest interest rates first while making minimum payments on others.
- Pros: Saves the most money on interest
- Cons: May take longer to see progress
Avalanche Results
Calculate plan to see results
Snowball Method
Prioritize paying off smallest balances first while making minimum payments on others.
- Pros: Psychological wins keep you motivated
- Cons: May pay more interest overall
Snowball Results
Calculate plan to see results
Debt Reduction Strategies & Tips
Create a Budget
Track your income and expenses to identify areas where you can cut back and allocate more money toward debt repayment.
Negotiate Lower Rates
Contact your creditors to negotiate lower interest rates, which can significantly reduce your repayment time.
Increase Your Income
Consider side hustles or selling unused items to generate extra money for debt payments.
Avoid New Debt
While paying off existing debt, avoid taking on new debt that could derail your progress.
Build an Emergency Fund
Having even a small emergency fund can prevent you from going further into debt when unexpected expenses arise.
Celebrate Milestones
Recognize and celebrate when you pay off each debt to maintain motivation throughout your journey.
Additional Resources
Debt Payoff Calculator
Use our calculator to determine exactly how long it will take to become debt-free with your current payments.
Budgeting Tools
Access our free budgeting templates to help manage your finances and allocate more toward debt repayment.
Debt Management
Learn about debt consolidation options and credit counseling services that might help your situation.