What information do I need to enter for each debt?

For every debt you enter the remaining balance, the monthly interest rate, and the minimum or planned monthly payment. The tool uses these to build a payoff schedule, total payment, and payoff duration.

Can I plan several debts at the same time?

Yes, the tool is built for multiple debts. Add credit cards, personal loans, installment purchases, and more, then generate one combined payoff plan across all of them.

Should I enter the interest rate as monthly or annual?

The tool works with a monthly rate. If you only have an annual rate, divide it by 12 for an approximate monthly figure (e.g., 36% annual is roughly 3% monthly); this is an estimate because of compounding.

What does the "total payment" figure mean?

Total payment is the sum of principal plus accumulated interest you will pay until every debt is cleared. The gap between this figure and your current balances is your estimated total interest cost.

What happens if I pay extra on top of the minimum?

Extra payments shorten the payoff duration and cut total interest. When one debt is cleared, rolling its payment into the next debt is the core mechanic behind both methods.

Are the results binding or an exact match with my bank?

Results are estimates for informational purposes only. Late fees, processing charges, and differences in how a bank computes interest can change the outcome, so rely on your bank's official amortization table and a financial advisor for any formal decision.

Which method should I choose?

Choose Snowball if you need motivation, or Avalanche if you want the lowest total cost. Compare both results in the tool and decide based on the trade-off between payoff time and total interest.

Debt tracker — Free Online | KolayDönüştür

⚠️

Bu araç yalnızca hesaplama yapar; yatırım veya finansal tavsiye değildir. Oranlar ve vergi tutarları zamanla değişir; işlem yapmadan önce resmi kaynaktan (banka, muhasebeci, SPK lisanslı danışman) doğrulayın.

Total Debt

₺305.000

Monthly Payment

₺13.000

Monthly Interest

₺7.800

Payoff Strategy

Extra Monthly Payment (₺):

← Pay First

Type

Balance (₺)

Annual Interest (%)

Monthly Min. Payment (₺)

Monthly Interest

₺1.000,00

Payoff Time

14 mo

Total Payment

₺35.000

Type

Balance (₺)

Annual Interest (%)

Monthly Min. Payment (₺)

Monthly Interest

₺2.133,33

Payoff Time

36 mo

Total Payment

₺126.000

Type

Balance (₺)

Annual Interest (%)

Monthly Min. Payment (₺)

Monthly Interest

₺4.666,67

Payoff Time

48 mo

Total Payment

₺336.000

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📖 How to Use

Upload document

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Set options

Choose operation and parameters.

Process

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Frequently asked questions

The Snowball method pays off the smallest balance first, giving you early wins that boost motivation. The Avalanche method targets the highest interest rate first and usually results in paying less total interest.

Debt Tracker

📖 How to Use

Frequently asked questions