Everyone’s debt review journey is unique, so the time it takes can vary from person to person. On average, it usually takes 3 to 5 years to pay off your debt, but this depends on your specific situation.
A few things can affect how long it takes, such as:
- How much debt you have: More debt might take a little longer to clear.
- How much you can afford to pay each month: The more you pay, the faster you will finish.
- Your commitment: Sticking to your payments and paying extra whenever you can will help you reach financial freedom sooner.
For a detailed breakdown of the factors affecting the duration and tips to become debt-free faster, read our comprehensive blog:
