Credit Card Debt, Inc. CREDIT CARD DEBT CALCULATOR, Specialists in 24/7 Credit Counselors by Debt Counseling Programs

CREDIT CARD DEBT CALCULATOR

 

 

 

Is your money being sucked into a compound interest sinkhole? If you're not paying off your credit cards every month, that's just what can happen. It depends on the interest rate charged by the credit card company and whether you pay as much as you can, or just the minimum amount due.

  • The minimum payment on credit card debt is calculated as a percentage of your current balance.
  • The minimum payment drops as your balance is paid, but thanks to the magic of compounding, you'll end up paying for a long, long time.

 

 

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