Home » Free Debt Calculators: Debt Settlement, Debt Consolidation and Budgeting » Credit Card Payment Calculator – FREE tool to figure the total interest you’ll pay with only minimum payments

Credit Card Payment Calculator – FREE tool to figure the total interest you’ll pay with only minimum payments

Calculator For Credit Card Payment Interest- FREE tool to figure the total interest you’ll pay with only minimum payments!

Credit card companies get rich from consumers who make minimum payments only. And making minimum payments only doesn’t help your credit rating because your report shows high revolving balances and low available credit. You are far better off retaining Debt Help Lawyers to negotiate your balances and to protect you from debt collection efforts — use our free debt settlement calculator to see how much faster you can get out through debt settlement.  Call 888-595-9111 to learn how we may be able to help stop collection calls and letters and settle your credit card debts for less than you owe!

Figure the total amount of interest you’ll end up paying if you make only minimum credit card payments! Also, see how many years(in months) it will take to pay off your balance up to a maximum of 600 payments (50 years!)

 

Fill in column A-D. (enter the minimum payment %, found on the back of your statement, in column C)  Click the compute button or reset to check another card.

A B C D Do not Enter Anything in these three boxes!
Account Balance
(no commas)
Annual Interest Rate
i.e. 13, 16, 21
Minimum Payment Percent
i.e. 1, 2 or 3
Minimum Payment Amount Interest Charges Number of Payments Total # of Years to pay off this card by making the minimum payment

If it will take more than 600 payments to pay off your debt, the number in the “number of payments” block will be really small . . . like 3! Try changing the “Minimum Payment Percent” or “Minimum Payment” and recompute.


 

If you’ve fallen behind on your bills, especially credit cards, don’t panic. You may have several good options available to you. Your success starts by assessing your current situation and finding debt help lawyers



confidential informationThere may be instances where discussing your situation over a public forum could potentially compromise your interests. On these occasions we will contact you directly via email in order to answer your inquiry in a confidential manner.

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