Debt-Free Reality Lab
Map your exact path out of debt. See how much interest you're really paying and discover strategies to accelerate your payoff.
Current Debt
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Consolidating high-interest credit card debt into a personal loan or utilizing a balance transfer can save you thousands in interest.
The True Cost of the Minimum Payment
Credit card companies design minimum payments to keep you in debt for as long as legally possible. Often, your minimum payment barely covers the monthly interest generated by your balance. This means almost none of your money goes toward reducing the principal. Use our Debt-Free Reality Lab to see exactly how much faster you can become debt-free by increasing your monthly payment by just $50 or $100.
Debt Snowball vs. Debt Avalanche
The Avalanche Method
Focus all extra payments on the debt with the highest interest rate first, while paying minimums on everything else. Mathematically, this saves you the most money and time.
The Snowball Method
Focus all extra payments on the debt with the smallest balance first. Psychologically, this provides quick "wins" and motivation to keep going.