Credit Card Debt Payoff Calculator

It’s no secret that Credit Card Debt can be a big drag on your finances. With interest rates in the double digits paying off a credit card can make a big difference for your financial future. Use our Credit Card Debt Calculator to find out just how quickly you can pay off your debt and be on your way to financial freedom.

Credit Card Debt Payoff Calculator

To use the calculator, simply enter your current balances, interest rate, and amount you’re planning to pay monthly toward the debt (including minimum payments). Have multiple cards with balances? We recommend trying the Snowball Method - focus on each card individually and start with the card with the lowest balance. Once you’ve paid that card off, apply that payment to the next card.

Questions or need help getting started? Feel free to contact Custer Financial Advisors.

Stephanie Vail

About the Author

Stephanie Vail is a member of the Custer Financial Advisors team. She’s passionate about helping millennials with financial literacy and planning. To learn more about Stephanie and Custer Financial Advisors, visit www.CusterFinancialAdvisors.Com or email Stephanie at SVail@lpl.com.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

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 cannot 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.