Debt Payoff Decision Optimizer
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Compares loans, credit cards, investments, BNPL, and asset-backed borrowing to find the lowest-cost payoff path.
Added May 28, 2026
7 signals
The Problem
People with debt often struggle to decide whether to consolidate, refinance, use home equity, stop investments, close credit cards, or switch payment methods. The tradeoffs are hard to calculate because interest rates, penalties, credit impact, monthly cash flow, and long-term costs interact in confusing ways.
Potential Solution
A web and mobile tool where users enter debts, assets, income, rates, penalties, and available credit options, then receive side-by-side payoff scenarios with total interest, monthly payment, risk level, and timeline. The product can connect to bank accounts and credit reports, monitor changing balances, and alert users when refinancing or repayment changes would save money.
Why Now?
High interest rates and rising credit card balances are pushing more consumers to consider consolidation, home equity borrowing, BNPL, and investment liquidation. Users increasingly expect automated financial calculators that provide personalized, real-time decisions instead of generic advice.
Considering Home Equity Loan. Need Advice
Hi Everyone. Just looking for some second opinions. Any advice would be helpful. Credit Card Debt Total: $47,000 (Multiple Cards) Average Interest Rate: 23% Minimum Monthly Payment: $1,800 Remaining Car Loan: $18,000 Interest Rate: 5.6% Minimum Monthly Payment: $575 Current Mortgage: $1,450 (24 years left) Potential Home Equity Loan Amount: $80,000 over 180 months/15 years Interest Rate: 6.75% Minimum Monthly Payment: $710 Minimum Amount I Would Paid Towards Debt Every Month: $1,500 Debt Repayment Timeframe: 5 years (Sept 2031) My plan is to pay off the credit cards, and have some saved for home repairs that are coming up, like replacing my AC and fence. I am also considering paying off the car loan with some of the remaining amount. I know I would lose a bit on the interest, but being able to throw that extra $500-600 at the main loan each month would shorten my repayment by over a year (March 2030). If I'm able to throw my yearly bonus at it as well it could be closer to 3 years (May 2029). If I leave the car loan separate, it would be paid off in December 2029, but if I combine the loans, it's closer to February/March 2030 for complete repayment with this plan, potentially sooner if I don't need the entire remaining $15,000 for home repairs and can pay it back. As a side note, most of the credit cards well be shredded and closed after being paid off, with only the largest one being frozen and stored in the fireproof safe for emergencies so this never happens again. They are not relied on within the monthly budget so the lack of access to them shouldn't be a problem. So, what am I missing? Does this sound like a solid plan or did I not think about something super important that's going to come back to bite me in the ass? Any advice or alternate viewpoints is greatly appreciated. Thanks!
Borrowing on mortgage to clear debt?
Recently had the thought to potentially borrow on my mortgage to clear off a bad financial decision I had for a bank loan. Currently I have 2 bank loans and 2 credit cards for a total of around £28k. I pay £320 p/month for each bank loan and around £100 a month total for the credit cards. I have renewed my mortgage onto a new fixed deal and doing so I remembered you can borrow against it. Since I don't plan on selling any time soon and have around 28 years left on the mortgage, is it a completely stupid idea to borrow enough to clear 1 loan? My thinking is the minor increase to mortgage payments is offset by clearing the loan, leaving me around £200 a month better off which I can then put towards clearing both credit cards this year. The other load I will continue to pay down over time. I have around 4&5 years left on each loan, though probably closer to 3&4 years. With the mortgage rates being so much lower than my loan rates I figured it's a good idea? In would also start overpaying the mortgage where possible to reduce the borrowed amount sooner. Currently at around 58% LTV on my mortgage. Please let me know if this is just a stupid idea or could work. Lessons have been learnt and when my cards are clear I'm cancelling them and never touching a bank load again.
Question: Should I Close Credit Cards to Get a Personal Loan?
Hi everyone! I’m having a bit of a confusing situation. Trying to pay off $25k in credit card debt and escape the insane interest rates I’ve currently got (26%). I bank with Wells Fargo. Thought they might provide me a $25k personal loan to consolidate. They’ve told me they aren’t able to give me a personal loan. I make $70k annually. Credit score is 620. Wondering if I should close several lines of credit that I have open and not in use. Would this better my chances or help me? I have like 3-4 credit cards with $5,000 limits that are just open and out there. Would getting those closed make the banking institution feel more comfortable with giving me a loan? Any thoughts or suggestions would be wonderful. Thank you!
SHALL I STOP MF FOR LOAN?
M 27 here, Recently, I have taken 15L personal loan. Pay period is 4 years with 10% interest. I have been investing in MF since 2 years via SIP ( Around 20k/ month), Returns r normal, Around 14% Shall i stop my MF for some time( maybe a year of two) just to pay my loan little earlier and avoid Big interest. Does it make any sense? I m confused what to do, need your advice wise people.
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