Compare Debt Avalanche vs. Debt Snowball strategies to eliminate multiple high-interest credit cards and unsecured loans in record time.
Escape high-interest APR credit card debt faster. Enter your card balances, interest rates, and minimum payments to discover your exact debt-freedom date and see how much interest you save with targeted extra payments.
Debt Avalanche prioritizes paying off the card with the highest interest APR first to save the most mathematical money. Debt Snowball prioritizes the smallest balance first for fast psychological momentum.
Credit card minimum payments are often set to interest plus only 1% of the principal balance. This prolongs repayment over 15 to 25 years and forces you to pay 2x to 3x the original borrowed amount in finance charges.