HowtoPayOff15000inDebtin1Year

Fifteen thousand in twelve months is roughly $1,400 a month every month. Twelve months without a missed payment, a roof leak, a surprise vet bill, or a wedding you cannot turn down. The deadline is achievable on income above $65,000 with disciplined spending, brutal on income below that. The harder question is not whether you can hit the number — it is whether you can hit it for fifty-two weeks straight without one of life's normal interruptions breaking the plan.

Avalanche is the only method that makes sense at this velocity. With $1,400/month flowing into the debt, every dollar must hit the highest-rate balance first; otherwise misallocated extras compound into missed deadlines. Snowball would close small balances on the way; on a 12-month sprint that wastes the lever. Pay every minimum, then send the entire surplus to the highest APR until that balance is zero.

On $15,000 at a blended 19%, paying $375/month minimum finishes in 65 months and costs $9,300 in interest. To finish in 12 months you need $1,395/month, which costs about $1,500 in interest — recovering 53 months of life and saving $7,800. The lever is the payment size; the method shaves marginal interest at the edges.

Pre-loaded with $15,000 across a typical mix. Your numbers stay on your device — no bank login. The math runs locally — see the methodology. Adjust the balances and the calculator shows the exact monthly payment for any target finish month.

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