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This calculator will estimate the amount of time it will take to pay off a given debt if you are paying a monthly minimum payment. Plus, it will also tell you the Total (approximate) you will pay between now and when the debt is paid off.
Parameters
Total Unsecured Debt
:
Months To Pay Off
:
12
18
24
30
36
Number of Creditors
:
1
2
3
4+
Average Interest Rate
:
Key
Consolidation Loan
Credit Counselling
Do Nothing (Pay Minimum)
First Choice Debt Relief
Other
Consolidation Loan
s
Credit Counseling
Do Nothing
(Pay Minimum)
Total Unsecured Debt
Months To
Pay Off
Interest Rate
Extra Interest Paid
Monthly
Payment
Your Total Cost
Monthly Payments
Time In Program
(Months)
Total Cost
Total Cost Graph
FCDR
($ 16200.00)
Bank Loan
($ 39136.36)
Credit Counseling
($ 37365.04)
Do Nothing
($ 93776.12)
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