UK Debt Payoff Calculator
See exactly how long it will take to clear your credit cards, loans, and overdrafts — and how much interest you save by paying even a little extra each month.
Calculate my debt payoff →The two debt payoff strategies
There are two proven methods for paying off multiple debts. Womho supports both and shows you a side-by-side comparison.
❄️ Debt Snowball
How it works: Pay off the smallest balance first, regardless of interest rate. Every time you clear a debt, roll that payment into the next one.
Why use it: Best for motivation. Quick wins keep you going. Research shows this method gets more people to stick with their plan.
Downside: You pay slightly more interest overall compared to avalanche.
🏔️ Debt Avalanche
How it works: Pay off the highest interest rate debt first. Always put extra money towards the most expensive debt.
Why use it: Mathematically optimal — you pay the least total interest over time.
Downside: Can feel slow if your highest-rate debt also has the biggest balance.
How much does credit card interest actually cost?
Credit card APRs in the UK typically range from 20% to 40%. Here is how much a £3,000 balance costs you depending on what you pay each month:
Based on 21.9% APR. Actual figures vary by lender.
Average UK debt statistics (2025)
You are not alone. Millions of UK adults are carrying debt, and many do not have a clear plan to clear it. Here is where things stand:
Find your debt-free date
Add your debts to Womho and get a personalised payoff plan — snowball or avalanche, you choose. See your debt-free date on a timeline.
Get my payoff plan →