Do you have any credit card debt? If so, a good question you should ask yourself would be: How long would it take to repay mar credit card debt for a specific payment? This calculator will give you a quick answer to this question. Just enter how much you can afford to pay, OR after how many months you want to be debt free and see the result.
Credit Card Debt Repayment Calculator
|What will it take to pay off my credit card?|
How to Use the Credit Card Calculator
If you find it difficult to use the calculator, plese check the folowing tips:
1. The calculator can show you:
- how many months would be needed to repay your debt for your monthly payment
- if you would like to repay you card debt for a specific period of time, what monthly payment you should pay.
2. To use the calculator, you should fill the first two fields and one of the third and fourth, depending on what you want to see ( check Tip 1 ).
3. How to fill the fields:
Enter your credit card net debt: how much do you owe, this is not your card's limit, but the amount from it you have used/spent.
Annual interest rate: your credit card's annual interest rate
Enter payment amount per month: fill this field to see after how many months you will repay your debt, paying this amount.
Enter desired months until debt free: fill this field to see the monthly payment, for which you will be debt free after the entered period.