You are here >
Thu 09 Feb 2012
Frontpage Slideshow (version 2.0.0) - Copyright © 2006-2008 by JoomlaWorks
Credit Card Debt Advice : Consumer Credit Card Debt Consolidation, Help : The Debt Management Company UK


This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments). If you have a number of credit cards this calculator is really scary.

 


Credit Card Minimum Payment Interest Calculator
This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments). 

Instructions:  Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 2% of the balance or £10, whichever is higher. These are the figures you will enter in Column C and Column D respectively.
Card Balance In Pounds Annual
Interest
Rate (APR)		 C
Minimum
Payment
Percent		 D
Minimum
 Monthly £ Payment		 Interest
Charges		 Number of
Payments		 Total #
of Years
Copyright © 1997-2008 Web Winder Site Traffic Magnets. All rights reserved.