The Repayment Simulator helps you explore how changes to your monthly repayments could affect how quickly you pay off your debts — and how much interest you might save along the way.
It’s designed as a guide rather than financial advice, giving you a safe way to try out different “what if” scenarios and see how your repayment choices could impact your payoff timeline.
How does the Repayment Simulator work?
When you open the simulator, you’ll see a list of your credit cards, loans and other accounts.
Using the balances, interest rates and minimum payments from your Equifax credit report, we estimate:
how much you owe in total
when you could be debt-free if you only made minimum payments
how much interest you could save by increasing your repayments
Adjusting your repayments
You can use the slider to increase your total monthly payment and instantly see how your estimated payoff date changes. This makes it easy to understand how even small increases could help reduce the time it takes to clear your debts.
Things to keep in mind
We can only show accounts that have been shared with Equifax. Some accounts may not appear if they’re new or reported to a different credit reference agency.
The simulator is an estimate, not personalised advice. It won’t account for every individual circumstance or future change, but it’s a helpful starting point for planning.
Even small adjustments can make a meaningful difference. Try exploring different repayment amounts to see how you could pay off your debts sooner.