These calculations are not exact. The purpose here is to give an approximation of the finance charges that will accrue at a given rate of repayment of Credit Card Debt.
Credit Card Debt Tips
When deciding which debts to pay off most quickly, it is a good idea to look carefully at the interest rate being charged, and focus on paying down the debt with the highest interest rate.
It is important to ensure that the minimum payments are made to each of your creditors every month, then if there is extra payments, rank according to the interest rate.
If you find yourself struggling to make even the minimum payments on your debt you need professional help! Don’t wait! Call Solutions Credit Counselling at 1(877) 588-9491 or fill out our Debt Consolidation Questionnaire and get your Free Credit Counselling Advice today.