Stop guessing what it will take to get out of debt.
Put your debts in one place and see what your current monthly budget could mean for your payoff date, estimated interest, and path forward.
See what your balances, rates, and monthly budget could mean for your payoff timeline.
Not ready to enter your own numbers? The example runs through the same calculation engine as your own figures would, so you can see exactly what you'll get.
When you're juggling credit cards and personal loans, it's easy to focus on getting through this month's payments without seeing the bigger picture.
Debt Plan puts the numbers together so you can see your estimated payoff timeline, compare payoff strategies, and find out how changes to your monthly payment could affect the plan.
See an estimated debt-free date based on the balances, rates, payments, and monthly amount you enter.
Find out what paying an additional $50, $100, $250, or another amount could do to your estimated payoff time and interest.
Save your plan if you want to, update your balances over time, and see how your projected path changes.
Yes. You can build and view your Debt Plan for free without creating an account and without a credit check. If you choose to save your plan, you create a free account so you can come back and update it later.
No credit check is required to use Debt Plan, and building a plan does not involve any application.
No. You can build and view your full Debt Plan without an account. An account is only needed if you choose to save your plan and track it over time.
If you use Debt Plan without saving, the numbers you enter stay in your browser for that session and are not stored in a consumer profile. If you create an account and save your plan, your balances, rates, payments, and check-ins are stored privately in your account so you can return and update them. Only you can see your saved plan.
No. You enter balances, rates, minimum payments, and the amount you can put toward these debts each month. No name, phone number, or Social Security number is requested. An email address is only needed if you choose to create an account and save your plan.
No. Debt Plan provides estimates and educational information based on the information you enter. It does not provide individualized financial, legal, tax, or credit advice.
The calculations run month by month in whole cents using the numbers you provide, so they are estimates based on modeled assumptions. Real creditors use daily interest, changing rates, fees, payment timing, and account activity, so your actual results can differ.
Avalanche sends extra payment to the highest interest rate first, which under the assumptions you enter may reduce estimated interest. Snowball sends it to the smallest balance first, which lets individual accounts reach $0 sooner. Debt Plan shows both so you can compare the trade-off.
Those debts are secured by property that can be foreclosed or repossessed, so they involve different rules and risks. Debt Plan covers unsecured debt such as credit cards, personal loans, medical bills, and collection accounts.
No. It shows what your numbers imply and explains the options that exist, including trade-offs and cautions — from debt consolidation and credit counseling to debt settlement and bankruptcy. Choosing an approach is your decision, and for complex situations a nonprofit credit counselor or attorney can review your specifics.
You don't need to choose a debt solution before you've had a chance to understand your numbers.
Debt Plan starts with the information you enter. See what your current path looks like, test different scenarios, and learn about the options that may be worth understanding.