Credit Card Payoff


Definitions

Current balance
Current outstanding balance on your credit card.

Payoff goal (in months)
Your goal for paying off this credit card. This is the number of months by which you would like to have completely paid off this credit card balance.

Current monthly payment
The amount you are currently paying per month on this credit card. Please enter the amount you actually pay, not the minimum payment. This amount is used to calculate how long it will take you to pay off your balance.

New charges per month
Total new charges you expect to put on this credit card per month.

Interest rate (APR)
The annual percentage rate for this credit card.

Annual fee
Your annual fee for this credit card.

Major purchase
If you expect a major purchase beyond your normal charges, enter the amount to be spent here.

Months from now
Number of months before your major purchase will occur.


Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

About This Calculator

YOUNG MONEY credit card payoff calculator helps see what it will take to pay off your credit card balance, and what you can change to meet your repayment goals.

Use this calculator to see what it will take to payoff your credit card balance, and what you can change to meet your repayment goals.

Other Credit Card and Debt Management Calculators:
Total unsecured debt?
(must have $10,000 to qualify)
 
What is your current payment
status on your credit cards?
 
First Name:
Last Name:
Email:
Primary Phone:
Cell Phone:
State:
Zip:
Best Time to Call:

Related Articles

advice budget business career college college students credit credit card credit cards credit report credit score debt Employment entrepreneur entrepreneur advice financial aid Internet investing job money recession save money start a business starting a business stock market student students unemployment university video