Debt Management
Strategic payoff planning with interest tracking.
Total Debt
$49.3K
3 accounts
Min Payments / Mo
$910
Required monthly
Extra Payments / Mo
$170
Accelerating payoff
Monthly Interest
$345
Accruing this month
Payoff Strategy
Avalanche: Pay minimums on all debts, then put extra money toward the highest interest rate debt first. Saves the most in interest.
Balance vs. Projected Interest
Balance
Projected Interest
Debt Accounts — Highest Rate First
| Priority | Account | Type | Balance | Rate (APR) | Min Payment | Extra | Payoff | Total Interest | |
|---|---|---|---|---|---|---|---|---|---|
| #1 | Credit Card (Chase) | Credit Card | $6,800.00 | 22.99% | $180.00 | +$120.00 | 31 mo | $2.2K | |
| #2 | Auto Loan | Auto Loan | $18,500.00 | 6.49% | $450.00 | — | 47 mo | $2.5K | |
| #3 | Student Loan | Student Loan | $24,000.00 | 5.75% | $280.00 | +$50.00 | 90 mo | $5.6K |