Debtr - Free Debt Payoff Calculator
Calculate your real debt payoff timeline with interest and fees included. See when you'll be debt-free.
How Debtr Works
- Enter Your Debts - Add credit cards, loans, and other debts with their balances, interest rates, and monthly payments.
- See Your Timeline - Get an accurate payoff date that accounts for compound interest and monthly fees.
- Compare Strategies - See how avalanche (highest interest first) vs snowball (smallest balance first) affects your payoff.
- Track Progress - Monitor your debt reduction journey with visual charts and milestones.
Frequently Asked Questions
Do I need to connect my bank account?
No. You simply type in your debt amounts, interest rates, and payments. Debtr doesn't connect to your bank or access your financial accounts in any way.
How is this different from a spreadsheet?
Debtr automatically factors in compound interest and monthly fees to calculate your real payoff date. It compares different repayment strategies, tracks your progress over time, and shows you exactly how much money and time you can save with different approaches.
Why does interest rate matter so much?
A $10,000 debt at 20% interest with $500 monthly payments takes about 2 years to pay off—not 20 months like simple math suggests. You'd also pay $2,000+ in interest. Understanding this reality is the first step to beating it.
What are avalanche and snowball strategies?
Avalanche prioritizes paying off highest-interest debts first (saves the most money). Snowball prioritizes smallest balances first (more motivating quick wins). Debtr shows you both so you can choose.
Is my information safe?
Yes. Your data is encrypted and stored securely. We don't share or sell your information. You can delete your account and all data at any time.
Why is Debtr free?
We believe everyone deserves help getting out of debt. Debtr is supported by optional ads in the app, not by selling your data or charging fees.
Please enable JavaScript to use the Debtr debt payoff calculator. The app requires JavaScript for interactive calculations and visualizations.