Smash My Credit Card Debt

Are you making regular payments but the balance still doesn’t go down like you want it to?

Use this calculator to work out how long until your balance reaches zero based on your payments.

Enter your current balance, payment amount and interest rate then click ‘Calculate’

To pay it off faster simply increase the payment amount until it fits the term you are aiming for becoming credit card debt free.

Note: Calculation based on payments made monthly and assumes no credit card fees or charges are added to your card during the period of repayment. Also assumes your card is not used for any purchases during the repayment period. Due to the variables between providers and card holders this calculator is intended as a guide only.

Opening BalanceMinimum PaymentInterest Rate
MonthBalanceInterestPrincipal

1

$716.63

$16.63

$283.38

2

$428.54

$11.91

$288.09

3

$135.66

$7.12

$292.88

4

$-162.08

$2.26

$297.74

At Moneytrainer we don’t just understand this stuff we give you the tools and resources to fix it.

Enter your details below and grab our free guide.

Ending Credit Cart Debt