TOOLS / DEBT PAYOFF
Debt payoff plan
Avalanche against snowball on your actual balances, with the real cost difference.
What you owe
Credit card
Car loan
Store card
What you can put at it
Your minimums total $560.
Debt free in
2 yr 7 mo
Highest rate first, paying $810 a month against $19,600 of debt.
Highest rate first, the avalanche
Paid off in2 yr 7 mo
Total interest$2,597
Start with29.99%, the most expensive money you oweStore card
Smallest balance first, the snowball
Paid off in2 yr 7 mo
Total interest$2,597
Start with$900, the fastest one to clearStore card
On these balances the two approaches land in the same place, so pick whichever you will actually follow.
This is arithmetic on the numbers you entered. It is not credit repair, it does not predict a score, and it does not promise any outcome with any creditor.
If the reason you are doing this is to buy a house, run your debt-to-income too. Which debt you clear matters more than how much.
This is a planning estimate, not an offer, an appraisal, a quote, or a commitment. Everything runs in your browser: no figure you type here is sent anywhere or stored.