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Credit Card Debt Calculators

Free! FrugalMom Credit Card & Debt Calculators

We are very pleased to be able to offer these free debt consolidation / debt management calculators to aid our FrugalMoms & Dads in making good budgeting and financial planning decisions. 

Credit Card Minimum Payment Interest Calculator

Debt Consolidation Calculator - Refinance Without Home Equity Loan
Debt Consolidation Calculator Using Home Equity Loan

The Credit Card Calculator will tell you how long it will take to pay off your current credit card(s).   You may find it very shocking to see how long it takes to pay off credit card debt by making only the minimum payments. Find out how much your credit cards are costing you to in order to help determine the best solution for consolidating or otherwise managing your debt.

Credit Card Minimum Payment Interest Calculator

This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).

Instructions: Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 2% of the balance or $10, whichever is higher. These are the figures you will enter in Column C and Column D respectively.

Dollar
Amount
Charged
Annual
Interest
Rate
C
Minimum
Payment
Percent
D
Minimum
Minimum
Payment
Interest
Charges
Number of
Payments
Total #
of Years
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Note that the above calculations assume no late payments or additional purchases.  If you are late on a payment or add to the card balance, this will increase the amount of time & cost of paying off the credit card.
 

Two More Free Debt Consolidation Calculators

These two calculators are wonderful debt consolidation tools for helping to determine the potential benefit of refinancing multiple debts or credit cards into one payment, whether it is a credit card special rate or a loan. 

Whether you are a homeowner or not, we have a calculator to help you manage your debt.  The first calculator will help determine the benefit of debt consolidation without using home equity, and the second calculator helps determine the benefit of consolidation using home equity.