Debt Payoff Calculator by Ramit Sethi

Your monthly payment isn’t even covering the interest—so your balance is growing instead of shrinking. That’s a losing game.

You’ve got two ways to fix this:

Increase your payment. If that feels impossible, remember—there’s a limit to how much you can cut, but no limit to how much you can earn. Finding ways to make more can change the game.

Negotiate a lower interest rate. You’d be surprised how often this works. Call your lender, ask for a lower rate, and see what they say. Worst case? Nothing changes. Best case? You save hundreds (or more).