Minimum-only baseline
Minimum payment debt payoff
Minimum-only payoff is the baseline that shows what happens if you do not add extra money beyond required payments.
What to know
Why the baseline matters
The baseline gives every strategy a comparison point so months saved and interest impact are easier to understand.
Why it can be expensive
For high-APR revolving debt, minimum payments may mostly cover interest and produce slow principal reduction.
FAQ
Is minimum-only always bad?
Not always. It may be necessary during tight cash flow, but it is useful to understand the cost and timeline.
Can DebtPlan.me compare minimum-only to extra payments?
Yes. The strategy comparison can show how an available extra payment changes payoff estimates.
Related reading
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