Deb
Debt Repayment Timeline
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 2
Pending: 6
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Based on a hypothetical repayment rate, it would take approximately 3-4 years to pay off $47,000 in debt.
"If it takes 8 months to pay off $6,000 of debt, do the mathematical equation. How long does it take ..."
Nov 14, 2025
Incorrect
The speaker predicts that with current income and expenses, the household will not be able to meet their required monthly payments, even with additional income, and it will take six years to pay off their debt.
"If you make five Yeah, I just did the calculations. Pay $110 a month. Hey, hey, I just did the calcu..."
May 30, 2025
Pending
The speaker predicts that even with an additional $1,663 net income per month, it will still take six years to pay off the existing debt.
"Bring an extra $1,000 a month net which is definitely sorry. No, no, $1,663 net. If you go and bring..."
May 30, 2025
Pending
Another credit card is estimated to take 17 years to pay off with a $528 minimum payment.
"17 years for this one. A $528 minimum."
May 19, 2025
Pending
A revised estimate for credit card debt payoff is 11 years if minimum payments are made.
"11 years, which is still horrendous, but yeah, it's still horrible."
May 19, 2025
Incorrect
The speaker estimates it would take 20-30 years to pay off credit card debt with minimum payments.
"How long does it take to pay off? Probably 20 years, 30 years."
May 19, 2025
Pending
With an additional $1500 net income per month, it will still take 52 months (4.5 years) to pay off $27,000 in debt.
"That is going to take a long time. with that $27,000. It still takes 52 months or four and a half ye..."
May 19, 2025
Correct
Paying off a $9,336 balance on a Discover card by only making minimum payments (without further purchases) would take approximately 26 years.
"So, how long does this take to pay off if you only do the minimum payments without purchasing, which..."
May 12, 2025
Pending
A specific credit card balance, which is currently in a 0% interest period for approximately nine months, would take 11 years to pay off if only minimum payments are made after the interest-free period begins.
"11 years to pay off, but interest kicks in in a year. No, less than a year. It's like nine months."
May 12, 2025
Pending