Debt freedom day calculator

Welcome to the Debt Freedom Day Calculator. This tool will help you discover how many days you need to work just to pay the interest on any debt you may currently have.

According to independent analysis of the most recent official figures conducted by independent agency, RAKM, on behalf of Unbiased.co.uk.  Data sources are Bank of England, British Bankers Association (unsecured borrowing + equity release, no mortgages), ABI, AIC and IMA.  The analysis shows that a typical UK consumer needs to work 70 days to service the interest on their debt.

Are you ‘better or worse’ off than that? Find out now.

£
 
If you do not know the current rate of interest that you pay please leave the box blank and a default rate will be applied, however this will reduce the accuracy of the result.
Bank Overdraft
  £ %
 
Credit Cards
Debt 1 £ %
Debt 2 £ %
 
Store Cards
Debt 1 £ %
Debt 2 £ %
 
Loans other than mortgages secured on property, including debt consolidation loans
Debt 1 £ %
Debt 2 £ %
 
Personal Loans not secured on property, including debt consolidation loans
Debt 1 £ %
Debt 2 £ %