Debt payoff strategies
Tackling your debt
Progress
35% paid off
You've reduced your total debt by $250 this month!
Your highest interest rate debt is Credit Card A with a balance of $2800. Paying an extra $50/month could save you $325 in interest every year.
Recommended strategies
Pay highest interest first
Escape the debt avalanche
Pay smallest balances first
Avoid feeling overwhelmed
Balance transfer
0% APR options available
Other strategies to consider
Debt consolidation loan
Combine multiple debts into one
Home equity line of credit
Use home equity for lower interest rates
Debt settlement
Negotiate with creditors to reduce balances
401(k) Loan
Borrow from your retirement savings (use wisely)