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Debt
Debt payoff calculator
See how long it takes to clear a balance — and how much interest you'll pay along the way — at your current monthly payment.
Time to payoff
4 yrs, 1 mo
- Total interest$4,250.00
- Total paid$12,250.00
- Months49
- Starting balance$8,000.00
Find a lower-rate consolidation loan
We'll route you to lenders who specialize in debt payoff.
- Pay above the minimum
Minimum payments on credit-card balances are designed to keep you in debt for decades. Even an extra $50/mo can cut years off the payoff date.
- Watch the trap line
If your monthly payment is below the interest accruing each month, your balance grows. We flag this scenario so you can avoid it.
- When consolidation helps
If your current APR is above 18%, a fixed-rate consolidation loan can lock in a lower rate and a real payoff date. Try our consolidation calculator next.