Credit card debt calculator

Credit Card Debt - How Long to Pay Off

This credit card debt calculator estimates the length of time it will take you to pay off your debt.

From your last credit card statement you should find the following information:

  • Total amount of credit card debt remaining
  • Interest rate
  • Minimum payment amount

You should also know the amount you can pay every month. It must be at least the minimum payment amount on your statement.

Enter the information into the three boxes below. Then press the "Calculate" button.

You will see the number of months before your are debt free. This assumes you do not make any further purchases until you pay off the total.

Credit Card Debt Calculator

Amount Owed $
Interest Rate Percentage (for example 18) %
Amount You Can Pay Each Month $ per month

 

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