Debt and Credit Cards

Debt and Credit Cards Calculators

We provide a number of power calculators aimed at consumers and businesses to help with debt and credit cards. The following calculators can help determine everything from how much you should spend on repaying debt to home equity debt consolidation.

studio-calculator_318-63480Consolidating your debt is only half of the battle. You still need a plan to get your debt paid in full. This calculator can show you how to accelerate your debt payoff. The process is simple; just apply a portion of your consolidated loan’s monthly payment savings to the consolidated loan’s balance. You can save hundreds, even thousands in interest and shave years off of your loan!

studio-calculator_318-63480Getting a consolidation loan can do more than payoff your debt. You can create a sizable nest egg by investing all or a portion of your monthly payment savings. After a few years the results may surprise you! Use this calculator to see the results of paying off your debt and investing your payment savings. Click the “View Report” button for a detailed look at your results.

studio-calculator_318-63480The interest you pay on your debt can quickly become very expensive. Use this calculator to help determine just how expensive your debt has become. Enter all of your credit cards and outstanding installment loans balances. Find out how much you owe, how much interest you are scheduled to pay and how long it will take to pay it all off.

studio-calculator_318-63480Use this calculator to determine how long it will take you to payoff your credit cards if you only make the minimum payments. Enter your credit card information below and press “View Report” to see your payoff details.

studio-calculator_318-63480The Credit Card Optimizer helps you determine the best distribution of your credit card debt. By entering your credit card balances, rates and credit limits this calculator determines which balance transfers will produce the greatest savings.

studio-calculator_318-63480Use this calculator to see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.

studio-calculator_318-63480This calculator is designed to help determine whether using equity in your home to consolidate debt is right for you. Enter your credit cards, installment loans and any other debt you wish to consolidate by clicking on the ‘Enter Data’ button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the “View Report” button for detailed results.

studio-calculator_318-63480Use this calculator to find out how much you owe. This can be used as a good starting point for your debt management plan. Enter all of your credit cards and outstanding installment loans balances. Find out how much you owe and how long it will take to pay it all off.

studio-calculator_318-63480Should you consolidate your debt? This calculator is designed to help determine whether debt consolidation is right for you. Enter your credit cards, auto loans and other installment loans balances by clicking on the “Enter Data” button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the “View Report” button for detailed results.

studio-calculator_318-63480The credit card roll-down applies two simple principles to paying off your credit card debt.

  1. Pay off your highest interest rate first.
  2. When a credit card balance is paid in full, apply its monthly payment to the balance with the next highest interest rate.

To see how this can be applied to your credit card debt, enter your credit card balances and an additional Roll-down amount. The calculator will then apply your additional monthly payment to the credit card with the highest rate. When that credit card is paid in full, the card with the next highest rate will be paid down. This continues until you have rolled through all of your credit cards and your debt is paid in full. Click the “View Report” button for a detailed look at the results.

studio-calculator_318-63480The Student Loan Consolidation and Debt Payoff calculator applies two simple principles to paying off high-interest debt.

  1. Consolidate your existing student loans
  2. Use your extra cash every month to pay off your higher interest debt sooner

We apply the amount of payment savings you choose to your non-student loan debt with the highest rate. When that balance is paid in full, the balance with the next highest rate will be paid down. This continues until you have rolled through all of your balances and your non-student loan debt is paid in full. Click the “View Report” button for a detailed look at the results.