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Deciding who to pay first can be confusing when you have several debts. KeyBank’s Snowball Debt Elimination Calculator shows you how spending the same amount every single month can erase your debt.

How It Works

Start by paying off your highest interest rate debt first. Once that debt is paid, apply the same monthly payment to the debt with the next highest interest rate. This continues until you snowball through all your debt and eliminate it all. The calculator also lets you apply additional monthly amounts if you like.

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