Start with the rate.
Compare the interest.
Explore higher-interest priorities while keeping your other required debt payments current.
Continue to DebtDoneDate.com, a for-profit partner providing free education and debt repayment tools. Its initial intake and DIY plan are free; optional guide support may have a fee. You enter financial information on the partner site. Results are educational estimates, not guaranteed savings.
How does the debt avalanche work?
Direct extra money toward the highest-interest debt while making required payments on all other debts. After each target is paid off, redirect its payment to the next highest-rate debt. Under comparable assumptions, this generally reduces interest more than targeting the smallest balance first.
Rank the rates
List mortgage, card, and other loan balances with their interest rates.
Protect your budget
Cover essential expenses and required payments before allocating extra repayment.
Compare tradeoffs
Consider interest costs, motivation, changing rates, and promotional terms.
Keep your next
step simple.
NIFE connects homeowners and people managing debt with practical education, consumer tools, and human guidance.
Learn more: CFPB: comparing debt repayment methods.