Debt Destroyer Calculator - USAA Educational Foundation

Mission: Debt Freedom

This tool is your battle plan — using proven tactics like Debt Avalanche and Debt Snowball to show you options to eliminate debt with precision, speed, and discipline.

Get Started

This tool does not collect personally identifiable information and data entered will not be used for marketing or any other commercial purposes. See our Privacy Policy for more information.

Step 1 of 6

Tell us about your credit card debt

Credit card name Name each credit card to help you keep track – e.g. "Visa Card"

Balance Current total amount you owe on this debt

Interest Rate (APR) % Usually found on your statement or lender's site

Minimum Monthly Payment We'll estimate this based on your inputs but you can increase

Step 2 of 6

Do you have a car loan?

Car Loan Name Name each car loan to help you keep track – e.g. "Mustang"

Balance Current total amount you owe on this debt

Interest Rate (APR) % Usually found on your statement or lender's site

Monthly Payment Enter your monthly payment

Step 3 of 6

Do you have a mortgage?

Debt Name Name each mortgage to help you keep track

Balance Current total amount you owe on this debt

Interest Rate (APR) % Usually found on your statement or lender's site

Monthly Payment Enter only principal and interest. Exclude escrow items (insurance and taxes).

Note: Mortgages are typically long-term, low-interest targets. Focus your firepower on high-interest threats first for maximum impact.

Step 4 of 6

Do you have any student loans?

Student Loan Name Name each student loan to help you keep track – e.g. "Federal Stafford"

Balance Current total amount you owe on this debt

Interest Rate (APR) % Usually found on your statement or lender's site

Minimum Monthly Payment We'll estimate this based on your inputs but you can increase

Note:The tool may not accurately account for income-driven repayment plans.

Step 5 of 6

Do you have any other debts?

What to include: personal loans, short-term loans, medical debts, ‘buy now, pay later’ balances, store financing, court-ordered payments, etc.

Debt Name Name each debt to help you keep track

Balance Current total amount you owe on this debt

Interest Rate (APR) % Usually found on your statement or lender's site

Minimum Monthly Payment We'll estimate this based on your inputs but you can increase

Step 6 of 6

Do you plan to make any additional payments?

Note: Making even a small additional payment can have a big impact. Add additional payments you can afford here.

Extra Monthly Payment How much can you afford to pay above the minimum monthly payment each month? You can adjust this number on the next screen.

One-time payment Jumpstart your payment plan by making an additional one-time payment up-front.

Results

Mission: Debt Freedom

Great work! You've taken an important step toward destroying your debt. You’ve identified the targets, now choose a strategy to execute your mission.

Your Debt at a Glance

Understanding your debt is the first step to defeating it. Here is a breakdown of your debt by category.

Total Debts

Minimum Monthly Payments

Calculating...

Credit Card Debt	$0
Car Loans	$0
Mortgages	$0
Student Loans	$0
Other Debts	$0

Calculating...

Your Repayment Options

If you only make minimum payments, you'll end up paying more than $0.

Avalanche Method

Pay off high-interest debts first to save the most money.

Total Payments

Timing

Snowball Method

Pay off smallest debts first for faster wins and motivation.

Total Payments

Timing

Fine Tune Your Plan

See how even small increases can accelerate your progress.

$0$4,000

Min. Monthly Payments

Extra Monthly Payment

Total Monthly Payments

Your Path Forward

Knowledge is power, but now it's time to put it to work. Here are a few tips:

Build a budget that works for you.
Explore ways to reduce the interest you pay.
Keep an emergency fund, so unexpected expenses don't set you back.
Be proactive about your debt and become a Debt Destroyer.
Seek help at Money Management International, if your debt feels overwhelming.

Back Next

Debts
Credit Card Debt	$0
Car Loans	$0
Mortgages	$0
Student Loans	$0
Other Debts	$0

Total Debts	$0
Minimum Monthly Payments	$0