Debt payoff explainer

See how long it takes to pay off a balance at a fixed monthly payment. Numbers are illustrative.

Balance ($)

APR (%)

Monthly payment ($)

Result

33 months

≈ 2.8 years

Strategy tip: avalanche pays the highest-rate debt first (saves the most interest). Snowball pays the smallest balance first (best for momentum). Both work — pick the one you'll actually stick with.

Educational only — not financial advice.

What to do next

Lesson: How credit scores actually work

Why payment history matters more than you think.
Glossary: Debt avalanche

Pays highest-rate debt first. Saves the most interest.
Glossary: Debt snowball

Smallest first. Best for momentum.