Tools
Debt repayment calculator
This debt calculator estimates how long it could take to repay a balance from monthly surplus income, ignoring interest, fees and priority debts. It is a simple planning aid published by The Insolvency Directory, not a recommendation to choose any particular insolvency solution.
In England and Wales, personal insolvency solutions include IVAs, bankruptcy and Debt Relief Orders. Different rules apply in Scotland and Northern Ireland.
Reviewed: 1 March 2026 by Editorial Team
Interactive checker
This tool runs in your browser. The page above already explains the criteria in HTML for search engines and accessibility.
At £150/month surplus, repayment could take around 12 years
This simple calculator ignores interest, fees and priority debts. Use free debt advice for a full financial statement.
Frequently asked questions
- Does this include interest?
- No. Real balances often grow with interest and charges. A regulated adviser can prepare a full financial statement.
- What if I have no surplus?
- If you cannot make meaningful repayments, free advice can explore formal options such as a DRO, IVA or bankruptcy.
- Should I pay priority debts first?
- Yes. Rent, mortgage, council tax and energy arrears generally take priority over credit cards and loans.
- Is a DMP the same as this calculator?
- A Debt Management Plan is an arrangement with creditors. This calculator only does simple division maths.
- Where can I get free help?
- Contact MoneyHelper, StepChange, National Debtline or Citizens Advice.
Primary source: The Insolvency Service (GOV.UK)