Debt Destroyer

Your Online Tool to Get Out – and Stay Out – of Debt

Get on track for a stronger financial future! The Debt Destroyer Online Tool, part of the Debt Destroyer Workshop, provides an actionable plan to help you destroy your debt. Use this calculator to apply proven techniques — Debt Avalanche and Debt Snowball — to save time and money on your debt repayment journey.

To get started, gather the following information about your debt:

The total balance owed
Annual percentage rate (APR) or interest rate
Minimum monthly payment

A stronger financial future for you and your family starts today!

Start

Debts

+ Add New Debt

Name	Interest Rate (APR) %	Balance	Minimum Monthly Payment

Repayment Strategy Set Up

Target Debt $100,384.21

Do you want to exclude a debt from this repayment plan?

Total Minimum Monthly Payment

How much can you pay above the monthly minimum payments?

If you don’t have an amount in mind yet, try even $50 and see how much that helps.

Per Month

Are there any upcoming one-time payments that you plan to make?

+ Add New

Previous Calculate

Repayment Plans

Target Debt $100,384.21

If you make just the minimum payment each month, then you would pay...

$100,384.21

Save

over the course of…

360 months

338

Make minimum payments on all debts with no roll over payments until all are paid.

If you pay off the highest interest rate debt first, then you would pay...

$98,264.17

Save $2,527.00

over the course of…

22 months

338 months faster

Pay extra on the highest interest rate debt while making minimum payments on all others.

If you pay off smallest balances first, then you would pay…

$98,264.17

Save $2,527.00

over the course of…

24 months

336 months faster

Pay extra on the smallest balance debt while making minimum payments on all others.

Minimum Payments Only

Target Debt $100,384.21

Pay the minimum statement payment due on each, with no roll over payments.

Debt	This Month’s Payment
US Government with Extra Payment	$520.00
	Total Payments This Month $920.00

Minimum Payments Requires

XX months and $XX to eliminate your target debt.

$0 saved interest costs

Paid off 0 months faster

With the minimum payments only method, you pay the minimum statement payment due on each, with no roll over payments until all are paid.

Avalanche Method

Target Debt $100,120.21

Pay off the highest interest rates first in the order shown below:

Rate	Debt	This Month’s Payment
4.90%	US Government with Extra Payment	$520.00
		Total Payments This Month $920.00

Avalanche Method Requires

XX Months and $XX to eliminate your target debt.

save $0 in interest costs and pay off 0 Months faster than the minimum payment method.

Pay extra on the highest interest rate debt while making minimum payments on all others.

Snowball Method

Target Debt $100,120.21

Pay off the smallest balances first in the order shown below:

Balance	Debt	This Month’s Payment
4.90%	US Government with Extra Payment	$520.00
		Total Payments This Month $920.00

Snowball Method Requires

XX Months and $XX to eliminate your target debt.

save $0 in interest costs and pay off 0 Months faster than the minimum payment method.

Pay extra on the smallest balance debt while making minimum payments on all others.

Your Online Tool to Get Out – and Stay Out – of Debt

To get started, gather the following information about your debt:

The total balance owed
Annual percentage rate (APR) or interest rate
Minimum monthly payment

A stronger financial future for you and your family starts today!

Start

Debts

+ Add New Debt

Interest:7.5%

Balance:$2,036.98

Min:$38.12

Interest:7.5%

Balance:$2,036.98

Min:$38.12

Repayment Strategy Set Up

Target Debt $100,384.21

Do you want to exclude a debt from this repayment plan?

Chase Bank Credit Ca…	$100.01
Total Minimum Monthly Payment	$520.00

How much can you pay above the monthly minimum payments?

If you don't have an amount in mind yet, try even $50 and see how much that helps.

Per Month

Are there any upcoming one-time payments that you plan to make?

Date	Amount
Date	Amount
03/12/22	$800.00
+ Add New

Previous Calculate

Repayment Plans

Target Debt $100,384.21

If you make just the minimum payment each month, then you would pay...

$100,384.21

Save

over the course of…

360 months

338

Make minimum payments on all debts with no roll over payments until all are paid.

If you pay off the highest interest rate debt first, then you would pay...

$98,264.17

Save $2,527.00

over the course of…

22 months

338 months faster

Pay extra on the highest interest rate debt while making minimum payments on all others.

If you pay off smallest balances first, then you would pay…

$98,264.17

Save $2,527.00

over the course of…

24 months

336 months faster

Pay extra on the smallest balance debt while making minimum payments on all others.

saved interest costs
Paid off

360

months

Pay extra on the smallest balance debt while making minimum payments on all others.

Balance	Debt	This Month’s Payment
US Government	$520.00

Total Payments This Month:

$920.00

Back to Balances

saved interest costs
Paid off

360

months

Pay extra on the highest interest rate debt while making minimum payments on all others.

Rate	Debt	This Month’s Payment
US Government	$520.00

Total Payments This Month:

$920.00

Back to Balances

saved interest costs
Paid off

360

months

With the minimum payments only method, you pay the minimum statement payment due on each, with no roll over payments until all are paid.

Debt	This Month’s Payment
US Government	$520.00

Total Payments This Month:

$920.00

Back to Balances