Debt Payoff Strategy
Model avalanche, snowball, and hybrid payoff strategies. All numbers are estimates — confirm minimums with your lenders.
Avalanche Method
Pays highest APR first · Usually minimizes total interest paid · Best default when cash flow is stable
Est. monthly interest: $3086.13
- 1
Visa Rewards
$14,500 balance · 24.99% APR · $430/mo minimum
- 2
HELOC
$62,000 balance · 9.25% APR · $520/mo minimum
- 3
Mortgage
$410,000 balance · 6.75% APR · $2850/mo minimum
Snowball Method
Pays smallest balances first · Creates quick behavioral wins · Useful when motivation and habit change matter most
Est. monthly interest: $3086.13
- 1
Visa Rewards
$14,500 balance · 24.99% APR · $430/mo minimum
- 2
HELOC
$62,000 balance · 9.25% APR · $520/mo minimum
- 3
Mortgage
$410,000 balance · 6.75% APR · $2850/mo minimum
FICO Credit Impact
Credit utilization heavily influences FICO scores. Keeping revolving balances below 9% of credit limits yields the best impact.
- ≤9% utilization — Excellent impact
- ≤30% utilization — Good impact
- ≤50% utilization — Fair; consider paying down
- >50% utilization — Significant FICO drag
Payment history (35%), credit utilization (30%), length of history (15%), credit mix (10%), new inquiries (10%).