How Long Will it Take to Payoff Your Credit Card?



Tutorial for the Credit Card Debt Calculator.

This calculator will let you know how long it will take to payoff your credit card. You can get the needed information from your most recent credit card statement of login and take get it from the site. Enter your Credit Card Balance (how much you currently owe), then the Interest Rate that the credit card is charging you, and finally the Monthly Payment you are sending in (this could be the minimum or whatever amount you send monthly). Click the Calculate button and the Credit Card payoff calculator will do the rest.

Calculate Savings

Enter an Optional Extra Payment and calculate to determine how many Months you will save and how much Money you will save in interest.

Choose Your Payoff Time

Enter How Many Months you would like to payoff your debt in, then calculate and your monthly payment will be displayed.


Your Results

You will pay off your credit card in

Total Principal Paid
Total Interest Paid
Monthly Payment
Months to payoff
Principal
Interest

With an additional payment of each month

You would pay off your credit card in saving in interest.

Total Interest Paid w/ Additional Payment
Monthly Payment
Months to payoff
Principal
Interest