What's Left, step 4 of 7: When will my debts be paid off?
Debt payoff calculator
Compare the snowball and avalanche methods to find the fastest, cheapest way to clear several debts.
You will be debt-free in
21 months
with the avalanche method, paying £822.03 in interest: £42.81 less than snowball.
Avalanche vs snowball
| Item | Avalanche | Snowball |
|---|---|---|
| Months to clear every debt | 21 | 21 |
| Total interest | £822.03 | £864.84 |
| Interest saved | £42.81 |
Order debts are cleared (avalanche): Credit card A, then Credit card B, then Personal loan.
This is an estimate, not financial advice.
If money's tight, free help is available
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- Citizens Advice online, by phone or in person near you
- StepChange debt charity, online advice any time
- National Debtline free phone and webchat advice
Which method should you use?
Avalanche pays extra off the highest-rate debt first, which always costs the least interest.
Snowball clears the smallest balance first. It costs a little more, but quick wins help many people stay on track. Leave a balance blank if you have fewer than three debts.
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These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.