Get out of debt, one step at a time
Enter your debts and what you can put toward them each month. We'll show you the payoff order, when you'll be free, and how much interest each method saves.
Avalanche or snowball?
Two strategies exist. The avalanche tackles the highest rate first, it costs you the least. The snowball tackles the smallest balance first, each debt cleared gives you momentum. We work out both and show you the gap.
Your debts
One line per debt. An estimate is enough to start, you can adjust later.
| Name | Balance ($) | Rate (%/yr) | Minimum ($/mo) | Remove |
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And if you could put in a bit more
Payoff order
Month-by-month plan
Free, confidential help with your budget and your creditors. In Québec: an ACEF (call 2-1-1 to find one). Elsewhere: a non-profit credit counselling service in your country. Feeling overwhelmed, in Québec: 811 option 2 (Info-Social) · Suicide.ca 1-866-277-3553. Emergency: 911 in North America, 112 across the EU.
Method: interest is compounded monthly (annual rate ÷ 12), applied before payments. Minimums are paid first, then the surplus goes to the target debt; when a debt is cleared, its minimum joins the surplus. Québec resources cited: ACEF and 211 Québec, updated .
Where you stand
A month has passed? Tick what you paid and your balances go down. Your statement stays the source of truth: adjust a balance by hand if it differs.
You don't have to do this alone
A non-profit credit counsellor helps you free of charge and confidentially, and can even negotiate with your creditors. It's their job, and it costs nothing.
In Québec: find an ACEF near you · 211 tool ↗ · call 211
Elsewhere: search for “non-profit credit counselling” or “debt advice charity” in your country. The service is often free, and a counsellor can speak to your creditors on your behalf.
Money worries can weigh heavily. In Québec, someone is there 24/7: 811 option 2 (Info-Social), or Suicide.ca, 1-866-277-3553. Elsewhere, your country has a suicide prevention and distress line: look it up before you need it. In immediate danger, call your emergency number: 911 in North America, 112 across the European Union.
Want to see your whole budget first? Try our budget tool.