You may be paying more interest—and for longer—than you need to. Enter your debts below to see your potential savings and payoff timeline using the Debt Action Plan.
It's fast, simple, and completely private. In seconds, we'll show you how a smarter payoff strategy could help you save money and get out of debt sooner.
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EIR stands for Effective Interest Rate — the total interest you will pay over the life of this debt, expressed as a percentage of the original balance.
How it's calculated:
Example: If you owe $20,000 and end up paying $10,000 in interest over the life of the loan, the EIR is 50%. If interest totals $72,976, the EIR is 365%.
Why it's useful: A high EIR means you'll pay a lot more than you borrowed. Increasing your payment lowers the EIR by shortening the time interest can accumulate.
Shows "—" when fields are incomplete or when the payment doesn't cover the monthly interest.
Analyzing your debts and crafting your personalized plan.
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