DEBT REPAYMENT
Debt avalanche calculator
Estimate payoff time and interest when prioritising the highest-rate balance.
Estimated result
31 months
- Starting balance
- £12,000
- Total interest
- £3,474
- Estimated total paid
- £15,474
- Priority order
- Card A → Card B → Loan
Applies minimum payments to every open account, then sends the remaining budget to the highest-APR balance. Rates and payments are held constant and promotional expiry dates are not modelled.
SOURCES & REVIEW
Checked against official guidance
Last checked 14 July 2026 · Rule version GB-2026.27.1
MoneyHelper: How to prioritise debts ↗COMMON QUESTIONS
Frequently asked questions
Is this an exact quote or tax return?
No. It is an estimate based on the inputs and assumptions shown.
When was this checked?
The method and linked official guidance were reviewed for the current UK release.