How The Calculator Works
All you need to do is enter the current balance of your credit card or loan, the interest rate and how much you want to contribute to paying off that loan each month or year and the debt repayment calculator tells you when you'll be debt-free.
You can also simply type in the loan balance and interest rate and the calculator will tell you how many years and months you are on pace to pay the loan off.
If you need help putting together a debt-repayment plan, you might enjoy our free 1-week financial Bootcamp. You will learn the basics on debt repayment.