Which Payoff Method Should You Use?

The most effective way to pay down debt is to focus on accounts with the highest interest rate which is known as the debt avalanche method or debt stacking. However, many people like to focus on accounts with the smallest balance first, also known as the debt snowball. You can simulate both methods with the form below to see which one works best for you.

$ .00
# Account Name Current Balance Minimum Payment Interest Rate
1
Add Row Delete Row
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4:12 PM - Jul 7th 2017
@undebt_it I squashed a bug that was causing slow page loads, especially for users with many accounts. Should be faster overall now.
4:46 PM - Jul 4th 2017
@undebt_it I released a bug fix last night so please let me know if you seeing anything wrong with your snowball table. Thanks
2:07 PM - Jun 26th 2017
@undebt_it I just finished moving the site to a faster web host. If you're still not able to get to the site, just keep trying in a little while.
3:43 PM - Jun 10th 2017
@undebt_it Undebt.it is changing the way deferred accounts are handled starting today. See this post for info:… https://t.co/uPqtVeuGFx
10:37 AM - May 22nd 2017