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.
| Month | Balance | Interest | Principal |
|---|---|---|---|
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 |
Watch this video and smash out your credit card debt fast
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