Having credit card debt can be expensive, and it can be hard to predict how long it will take to pay off. With our Credit Card Debt Calculator, you can plug in your current balance, interest rate and monthly payment and see how long it will take you to pay off your debt completely. You’ll also be able to see just how much that interest is costing you – which can be a really good motivator to get that debt paid off! AND you can adjust the interest rate to see how much you could save if you negotiated a lower interest rate (have you checked out our negotiation toolkit??).
Detailed instructions are included on the first tab of the spreadsheet.