The Snowball Debt Elimination calculator can assist with helping reduce your overall debt by applying the principle of paying off the highest or lowest interest rate first, and then every subsequent interest rate as each debt is paid in full. This continues until you
have rolled through all of your balances and your debt is paid in full.
- To pay off the balances with the highest interest rate first, select the checkbox next to Payoff highest rate first.
- To pay off the lowest balances first, leave the Payoff highest rate first unchecked.