FinanceWise
Debt Payoff

List every balance. Pick an order. Watch it shrink.

Enter your revolving credit cards and installment loans below. The snowball method pays minimums everywhere and throws every extra dollar at the smallest balance first.

Your debts

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Debt name Type Balance APR % Min payment

Update any field above — results recalculate automatically.

1

Store Card

Revolving
$900 · 27.4% APR
2

Visa Card

Revolving
$3,200 · 22.9% APR
3

Auto Loan

Installment
$11,400 · 6.9% APR

Snowball order (smallest balance first)

    Credit Types

    Revolving credit vs. installment loans

    Credit card and revolving credit concept
    Flexible borrowing

    Revolving credit

    Credit cards and lines of credit let you borrow repeatedly up to a set limit. Keeping balances low can help control interest and credit utilization.

    Installment loan and fixed payment concept
    Fixed repayment

    Installment loans

    Auto, personal and student loans use a fixed balance and repayment schedule, making the payoff timeline easier to plan.

    Debt Strategy

    Snowball vs. avalanche

    The snowball method used above targets the smallest balance first, regardless of interest rate. Paying off one full account fast tends to build momentum, which is why it's a common recommendation even though it isn't always the mathematically cheapest route.

    The avalanche method instead targets the highest-APR balance first, which minimizes total interest paid over time. It's the better choice on paper for someone who stays consistent regardless of visible progress.

    Snowball

    Smallest balance first. Faster wins and visible progress can help maintain motivation.

    Momentum focused

    Avalanche

    Highest APR first. Prioritizes the debt costing you the most interest over time.

    Interest focused
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