Debt repayment plan
Add up to five debts, with any 0% end dates, and what you can pay each month in total. It shows the debt-free date and the interest three ways: your order, snowball and avalanche.
Estimate · guidance, not advice
- The minimum goes to every debt; the rest, and each minimum that frees up, goes to the first debt in the order.
Free, confidential debt help: MoneyHelper, StepChange, National Debtline.
Keep the plan going
The Debt Payoff App keeps this plan up to date as you pay, and warns you before each 0% deal ends.
Debt Payoff App · £12.59 on Etsy
Prefer a spreadsheet? Debt Payoff Planner Spreadsheet tracks every 0% end date too.
Questions
Snowball or avalanche?
Avalanche (highest rate first) usually costs the least interest. Snowball (smallest balance first) clears a debt sooner, which can help you keep going. Pick the one you'll stick with.
How is interest worked out?
Each month, on what's owed, at the monthly rate that adds up to the APR over a year: 22.9% APR is about 1.73% a month. A 0% debt has none until the date you type.
What if I can't pay the minimums?
Tell the lender early. The free services on this page can help.
Updated