Credit Card Payoff Calculator

What will it take to payoff your credit card balance?

Find out what it will take to payoff your credit card balance, and also what you can change to meet your repayment goals in a timely manner. You can compare scenarios and find out how long it should take to pay off your balance depending on different factors.

Start by entering your current outstanding balance on your credit card and your payoff goal (in months).
Your payoff goal is the number of months by which you would like to have completely paid off this credit card balance.

Next, enter your current monthly payment, interest rate (APR) and any annual fee to use the card (if applicable). In addition, you can enter any planned additional monthly charges and.or major purchases to the payoff plan if you expect a major purchase beyond your normal charges.

The calculator will then determine an estimate of how much you need to pay monthly in order to meet your repayment goal.

Try it now: Credit Card Payoff Calculator

Stay on top of your finances with our financial calculators. And be sure to visit our knowledge center for more personal finance tips, tools and resources. Make your next personal finance decision a knowledgeable one.

Posted in Credit Cards, Personal Finance

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This entry was posted on Thursday, January 15th, 2009 at 7:06 am and is filed under Insurance, Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.