Debt Snowball Calculator
Use the snowball effect to eliminate your credit card debt and other consumer loans.
How fast can I get out of debt? How much can I save in interest payments? That is what the Debt Reduction Calculator can help you figure out. Getting out of debt is not easy, but with a good plan and firm determination, it is entirely possible. The debt snowball calculator uses a debt roll-up approach, also known as the debt snowball, to create a payment schedule that shows how you can most effectively pay off your debts.
Learn how you can save $100’s or even $1,000’s of dollars. One of the most powerful things about this tool is the ability to choose different debt reduction strategies, including the popular debt snowball (paying the lowest balance first) or the debt avalanche (paying the highest-interest first). Just choose the strategy from a dropdown box after you enter your creditor information into the worksheet.