Credit Card Payoff Calculator

Do you know how long it will take you to take pay off your credit cards?

Do you know how much money it will cost you, when you finally finish paying off these accounts?

Did you know that the “minimum payment” determined by your credit card company is designed to keep you in debt?

Here is an example to illustrate this. Enter the following figures into the calculator below; you’ll be surprised by what you learn.

Balance: $2,066 Interest: 18% Minimum payment: $40

At $40 per month, it will take you more than 8 years and nearly $4,000 to payoff this account. You don't have to wait 8 years. Use this calculator to regain control.

Enter your credit card balance and interest rate. Then enter the monthly payment you can afford, OR your deadline to be debt-free. Leave the other window blank. Click calculate to get the results.

Enter your credit card balance:	$
Enter the credit card's interest rate:		%
Enter payment amount per month:	$
or
Enter desired months until debt free:

It will take you to pay off your credit card.

	Credit Cards

	Cars

	Mortgages

The FACT Act allows consumers to get one free credit report from each of the three national credit reporting companies once every 12 months.

Learn other ways to qualify for a free credit report here.

- Cease calling letter
- Credit report dispute letter

Did you know that the “minimum payment” determined by your credit card company is designed to keep you in debt?