Credit Card Payoff Calculator

credit card debt payoff calculatorIf you want to take control of your finances, then you need to get out of debt. In order to get out of debt, you will need to set up a goal. Part of that goal should be when you want to be debt free by. If you have credit card debt, using a credit card payoff calculator like the one below will make this part of the process easy for you.

Directions:

To use the credit card payoff calculator, simply enter the following into the fields below:

Credit Card Balance: Here you will enter the balance of one of your credit cards.

Credit Card Interest Rate: Enter in the interest rate of this credit card.

Payment Amount Per Month: Enter in how much money you will pay on this debt every month. If you would rather enter a time for when you want to be debt free by, then leave this field blank and enter in your information in the “Desired Months Until Debt Free” field.

Desired Months Until Debt Free: Enter the number of months until you want to be debt free. Entering a number here will give you what your monthly payment will need to be in order to pay off this debt by that date.

Housekeeping Items

This credit card payoff calculator will give you the payoff date or amount for a given credit card. If you have multiple credit cards, you will have to enter each one separately.

If you would rather not calculate all of your debts individually, you can use a free service, Ready For Zero. By using Ready For Zero, you get a customized debt payoff plan just for you. I highly encourage you to read my review of the service.

On the other hand, if you want to attack your debt by yourself, be sure to read the various ways to get you out of debt. Lastly, be sure to read the benefits to paying off debt. It’s a motivational piece to help you push through when times get tough.

Disclaimer: Having a debt free goal is important to reaching your goal. This credit card payoff calculator will help you easily set that goal up so that you can experience success.

If you have any questions about this credit card payoff calculator or with debt in general, please reach out to me through my contact page.

Credit Card Payoff Calculator

Credit Card Calculator

Bankrate.com