💳Debt Payoff Calculator
Find the fastest way to pay off your debts and save thousands in interest. Compare avalanche vs snowball strategies
Payoff Strategy
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Minimum Payments Required: £150.00
Extra Payment Available: £850.00
Your Debts
Debt 1
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Total Debt: £5,000.00
Understanding Debt Payoff
🎯 Mathematical vs Psychological
The avalanche method saves more money mathematically, but the snowball method provides psychological victories that help many people stay motivated.
📊 Interest Compounds Daily
Credit card interest compounds daily, so the sooner you pay off high-interest debt, the more you'll save in total interest charges.
💪 Extra Payments Matter
Even small extra payments can significantly reduce your payoff time and total interest paid.