Debt Payoff Calculators & Credit Tools
Break free from debt with our comprehensive suite of debt payoff calculators. Compare avalanche vs snowball methods, optimize balance transfers, calculate student loan repayment strategies, and create your personalized debt-free plan.
Debt & Credit Calculators
💳 Credit Card Tools
Balance Transfer Calculator
Save thousands on credit card interest
Calculate savings from 0% APR balance transfer offers. Compare transfer fees vs interest savings.
APR Reality Check
Convert APR to daily costs
See what your APR really costs per day, week, and month. Eye-opening visualization of interest accumulation.
APR to Daily Cost Converter
Understand the real cost of APR
Translate APR into relatable daily interest costs with comparisons to everyday expenses.
🎓 Student Loan Tools
Student Loan Repayment Calculator
Optimize your student loan strategy
Compare standard, income-driven, and aggressive repayment plans. Calculate loan forgiveness eligibility.
Student Loan Scenario Analyzer
Compare refinancing and repayment strategies
Advanced student loan tool with refinancing comparison, extra payment scenarios, and forgiveness calculations.
📊 General Debt & Credit Tools
Debt Payoff Calculator
Your fastest path to debt freedom
Compare avalanche and snowball methods. See exactly when you'll be debt-free and how much interest you'll save.
Complete Debt Payoff Planner
Advanced debt strategy optimizer
Comprehensive debt payoff planner with extra payments, income changes, and refinancing scenarios. Visual payoff timeline.
Loan Amortization Calculator
See where your payments go
Breakdown of principal vs interest over time. Visualize how extra payments accelerate payoff.
Debt-to-Income Ratio Calculator
Check your borrowing power
Calculate your DTI ratio for mortgage applications. See if you qualify for loans and how to improve your ratio.
Credit Score Impact Calculator
See how debt affects your credit
Estimate credit score impact of paying down debt, opening new accounts, or increasing utilization.
Credit Score Simulator
Preview score changes before you act
Simulate paying down balances, opening or closing cards, and requesting limit increases. Understand factor-by-factor score impact first.
Find Your Perfect Calculator
💳 Have Credit Card Debt?
High APR (15%+)?
→ Use Balance Transfer Calculator
Calculate 0% APR transfer savings and compare fees
Making Minimum Payments?
→ Use APR Reality Check
See how long until paid off and total interest
🎓 Have Student Loans?
Need a Repayment Plan?
→ Use Student Loan Repayment Calculator
Compare repayment strategies and calculate forgiveness
Considering Refinancing?
→ Use Student Loan Scenario Analyzer
Compare current vs refinanced rates and extra payments
📊 Have Multiple Debts?
Want to Pay Off Faster?
→ Use Debt Payoff Calculator
Compare avalanche vs snowball methods
Need Advanced Planning?
→ Use Complete Debt Payoff Planner
Model extra payments, income changes, and consolidation
🏠 Applying for a Mortgage?
→ Use DTI Ratio Calculator
Check if you qualify and how to improve your ratio
Comparison by Debt Type
Credit Card Debt
| Calculator | Best For | Time |
|---|---|---|
| Balance Transfer Calculator | High APR cards | 4 min |
| APR Reality Check | Understanding costs | 2 min |
Student Loans
| Calculator | Best For | Time |
|---|---|---|
| Student Loan Repayment | Federal loans | 6 min |
| Student Loan Scenario Analyzer | Refinancing decisions | 10 min |
Frequently Asked Questions
Debt Payoff Strategies
Q: What's the difference between avalanche and snowball methods?
A: Avalanche pays off highest interest rate first (saves most money). Snowball pays off smallest balance first (builds momentum). Use our Debt Payoff Calculator to compare both strategies for your situation.
Q: Should I consolidate my debts?
A: Consolidation makes sense if you can get a lower interest rate and simplify payments. Use our Complete Debt Payoff Planner to model consolidation scenarios and see if you'll save money.
Credit Card Debt
Q: Are balance transfers worth it?
A: Usually yes, if you can pay off the balance during the 0% period. Use our Balance Transfer Calculator to see if the transfer fee is worth it compared to interest savings.
Q: How long will it take to pay off credit cards with minimum payments?
A: Often 10-30 years! Use our APR Reality Check to see the true cost of minimum payments and how much faster you can pay off with extra payments.
Student Loans
Q: Should I refinance my student loans?
A: It depends on your interest rate and loan type. Federal loans have benefits like income-driven repayment and forgiveness. Use our Student Loan Scenario Analyzer to compare options.
Q: Am I eligible for student loan forgiveness?
A: Public Service Loan Forgiveness (PSLF) requires 120 qualifying payments while working for qualifying employers. Use our Student Loan Calculator to model forgiveness scenarios.
Debt in America: Key Statistics
Average Debt Levels
- • Average credit card debt: $6,501 per person
- • Average student loan debt: $37,338 per borrower
- • Average auto loan debt: $23,792
- • Total household debt: $17.5 trillion (2024)
Interest Rates & Costs
- • Average credit card APR: 20-24%
- • Federal student loan rates: 5-8%
- • Average time to pay off CC debt: 18 years (minimum payments)
- • Americans paying interest: $1,155/year on credit cards
Start Your Debt-Free Journey Today
Choose the calculator that matches your situation: