💸 Payoff scenario
How to Pay Off $12,000 in Credit Card Debt
Twelve thousand in revolving debt needs a sustained plan—here is what different monthly payments achieve.
At 22% APR, $12,000 with $400/month takes about 3.5 years and $4,800 in interest. Doubling the payment cuts both time and interest materially. Stop new charges on the target card while you pay down.