Learn the Debt Math

A consolidation loan is usually just a personal loan for paying off debt. The real differences, plus an $18,000 example that saves about $3,224 in interest.

One repays your full balance and protects your credit; the other pays less but damages it for years. Cost, credit, taxes, and a worked $18,000 example.

An extra $100 a month saved about $3,340 on a $6,000 card and $1,090 on a $15,000 loan. Two real examples, plus the free calculators to run your own.

Refinancing $40,000 from 7% to 5% saves about $4,821, but refinancing federal loans gives up forgiveness and income-driven repayment forever. How to decide.

An extra $150 a month on $35,000 at 6.5% saves $4,608 and 3.4 years. The real math, and the servicer step most people miss.

Paying biweekly sneaks in one extra payment a year. On a $30,000 loan at 7% that's about $600 and 6 months saved, plus the free way to do it.

An extra $100 a month on a $20,000 loan at 12% saves $1,071 and ends it 9 months early. The real math, and how to make sure it hits principal.

Highest interest rate first for the lowest cost. The same three debts as the snowball, run the avalanche way, $342 cheaper and a month faster.

Smallest balance first for fast, motivating wins. The same three debts as the avalanche, run the snowball way, see exactly what the early payoff costs you.

One fixed loan replaces several high-rate cards. The real math on $15,000, $5,199 less interest, 16 months faster, and the one catch that undoes it.

Usually a small dip, then a rise, because paying cards to $0 drops utilization from 83% to 0%. The factor-by-factor truth.

After 7 years it falls off your credit report, but the debt doesn't legally vanish. The statute of limitations is a separate, state-by-state clock.

It's charged daily: average balance times APR over 365. On $5,000 at 24.99% that's about $3.42 a day. See the full math.

Pay your full statement balance by the due date and purchases are interest-free. Carry a balance and you lose that window.

A good DTI is 36% or below, and 43% is the mortgage limit. The formula, the 28/36 rule, and how to lower it fast.

Keep it under 30%, ideally under 10%, it's 30% of your FICO score. The formula, the targets, and exactly how much to pay down.

$200 extra a month on a $25,000 auto loan at 7.5% saves $2,316 and pays it off 26 months early, if you mark it "principal only." See the table.

Minimums are ~1-3% of balance, or interest + 1%. On $5,000 that's about $149/month, and still takes 19.5 years to clear.

See a real month-by-month table on a $6,000 card at 23.79% APR, interest vs. principal, every payment, until it hits zero in 26 months.

The standard plan is 10 years. New 2026 terms run 10-25 years by balance. A $30,000 loan stretched to 25 years costs ~$20,000 more in interest.

Above ~6%, paying down wins; below it, investing may. A $30,000 loan at 6.53%, $200 extra a month saves $5,126 and 4+ years.

On $15,000 over 3 years, a 12.3% personal loan costs $3,013 in interest vs $6,126 on a 23.79% card, a $3,113 difference. When each one wins.

$150 extra on a $20,000 loan at 9% saves $1,580 and 18 months. The credit-score dip is a few points, and temporary. Here's the math.

About 70% of cardholders who ask for a lower rate get one, but only 25% ask. The phone script, plus how a 5-point cut saves $1,158 on $5,000.

Pay the full balance if you can. If not, here's the exact payment that clears a $6,000 card in 1-3 years, and why the minimum traps you for 20.

Clear $5,000 in a year for about $472 a month and just ~$667 interest. The exact payment for a 1, 2, or 3-year payoff.

At ~6.8% today, paying extra is a guaranteed return; investing may beat it with risk. See the side-by-side math on a $300,000 mortgage.

Extra principal, one extra payment a year, or biweekly, on a $300,000 mortgage at 6.8%, an extra $200/mo pays it off ~7 years early and saves ~$111,000.

On a $300,000 mortgage at 6.8%, adding $200/month pays it off about 7 years early and saves roughly $111,000 in interest. See every tier.

A 15-year has a higher payment but far less interest, about $248,000 less on a $300,000 loan. See the full side-by-side.

On a $300,000 mortgage at 6.8%, month one is about $1,700 interest and only $256 principal. Here's the schedule and why it flips over time.

On a $30,000 auto loan at 9%, an extra $200/mo clears it ~17 months early and saves ~$2,186. When early payoff makes sense, and when it doesn't.

Most car loans use simple interest: on a $30,000 loan at 9%, month-one interest is about $225 of a ~$623 payment. Here's exactly how it works.

A $30,000 loan at 9% over 60 months is 5 years, and an extra $100/month cuts it to about 50. See payoff time by balance and payment.

A 72-month term lowers the payment but adds about $3,100 in interest on a $30,000 loan, and keeps you underwater longer. See 48 vs 60 vs 72 vs 84.

A card at 23.79% costs about 2.6x more per dollar than a 9% car loan, so the card usually comes first. Here's the simple math, and the one exception.

No sign-up, no email, see your exact debt-free date and total interest. How DCT compares to Bankrate and Credit Karma on a $6,600 card at 23.79%.

Yes, eight free calculators, no email, no account, and your numbers stay in your browser. Here's how, and why the privacy matters.

Every extra dollar hits principal. On $6,600 at 23.79%, one extra $100 a month cuts about 25 months and roughly $2,000 in interest.

Avalanche saves the most interest; snowball gives earlier wins. A worked two-card example shows the real dollar difference.

Four common reasons your consolidation rate rose, and how to check whether it actually lowers your total cost, with a $12,000 example.

Find the exact month and year you'll be debt-free using precise, bank-matching math, no sign-up. See how extra payments move the date.

A free student loan payoff planner showing your monthly payment, total interest, and exact payoff date. Covers the 2026 repayment changes.

All eight free Debt Clarity Tools calculators, no sign-up, plus a one-line guide to which one fits your goal.

Pay $200 on a $10,000 card at 23.79% APR and only $1.75 comes off the balance. Here's why it feels frozen, and the exact payment that fixes it.

$5,000 to $25,000, exactly how long it takes at the minimum versus a fixed payment, with full payment-by-payment tables for every balance.

Adding just $75 a month above your minimums on $14,200 in debt saves $4,847 in interest and cuts your payoff from 94 months to 51. Here's the realistic plan.

At 24.99% APR, paying minimums costs $7,218 in interest over 87 months. Here's the exact 4-step plan, and the $513/month target, to clear $10,000 in 24 months instead.

Miss one payment and the clock starts. From a $29 late fee on day one to a potential lawsuit by month 18, here's the exact timeline of what happens to a $6,500 balance when you stop paying.

Chase made $21.5 billion in credit card interest in 2024, from people who were paying every month and believed they were making progress. Here's the math they don't show you.

The Decision Light framework shows green, yellow, or red for your situation. The 60-Second Calculator Check reveals whether consolidation actually saves you money or locks you into years of extra payments.

The same $15,000 handled three ways, side by side: how a lower rate cuts both your payment and total interest, and how stretching the term quietly costs you more.

See the real math side by side on $8,500 in debt, interest saved, fees, credit score impact, and which strategy fits your situation.

Use the Debt Speed Formula to find your exact payoff date, choose your plan level, and set up a system that runs automatically.