One of the most popular questions we get asked is, “If I pay $___ every month, how long will it take to pay off my debts?” and although we’re happy to take your calls and offer free guidance, there are times when you want a quick answer or you want to run a few different numbers as you’re figuring out your budget. For those times, we offer a free debt calculator for you right here on our website.
Plug in your total debt, the interest rate (you can either total all your debt and get the average of all your interest rates or run each debt separately), the monthly payment you’re comfortable making and finally click on the Calculate button to get your Months It Will Take To Be Debt Free, Years It Will Take To Be Debt Free, Total Amount Payed To Lender and Total Interest Paid To Lender.
Try the Free Debt Calculator
Again, this is another free tool AmOne so feel free to share it with others. We’ve made it easy to share via Facebook and Twitter, +1 (like) us on Google and email the debt calculator with the buttons below and if you like the tool, let us know by commenting below!