Debt Payoff Strategy Engine

"Compare Debt Snowball vs. Avalanche strategies with our free calculator. See your total interest savings, download a custom payoff PDF, and become debt-free faster."

Compare the Mathematical Win (Avalanche) vs. the Behavioral Win (Snowball).

Debt Name Balance ($) APR (%)

AVALANCHE (Save Max Interest)

Total Interest Paid:

$0

Time to Freedom: 0 Months

SNOWBALL (Build Momentum)

Total Interest Paid:

$0

Time to Freedom: 0 Months

Tired of managing multiple debts?

Consolidate into one 8.9% APR loan and save an average of $4,200. Check Your Rate (No Credit Pull) →

"Compare Debt Snowball vs. Avalanche strategies with our free calculator. See your total interest savings, download a custom payoff PDF, and become debt-free faster."

Debt Consolidation: Frequently Asked Questions

Is Debt Consolidation a good idea?

It depends on your interest rates. If you can secure a consolidation loan with a lower APR than the average of your current debts, you will save money and pay off debt faster. However, it requires discipline to not run up new balances on your cleared credit cards.

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What is the difference between Snowball and Avalanche?

The Avalanche method focuses on the highest interest rates first, saving you the most money. The Snowball method focuses on the smallest balances first, providing psychological wins that help you stay motivated.

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Does debt consolidation hurt my credit score?

Initially, you might see a small dip due to a "hard inquiry" from the lender. However, in the long run, it often improves your score by lowering your credit utilization ratio and creating a consistent payment history.