How To Use Debt Calculator

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How To Use Debt Calculator

Debt Calculator

Are you making minimum payments on you unsecured debts and credit cards?

In the following example the person will pay $6871 in interest on an original debt of $4566. It will take over 13 years to resolve the debt, March 2027.

 

Simple Free Debt Calculator Instructions

#1: Go to Webpage

Go to the Simple Free Debt Calculator webpage.

 

Free Simple Debt Calculator by Beat Debt Info

 

#2: Enter Debt Name, Amount and Interest

Enter the name of a debt, the outstanding balance amount owed, and the  interest rate you are currently paying. In this example we see a MasterCard, the amount owed is $4566, and the interest rate is 17.56%.

  • Name of Debt (ex: MasterCard)
  • Amount Owed (ex: $4566)
  • Interest Rate (ex: 17.56%)

 

Free simple Debt Calculator by Beat Debt Info

#3 Monthly Payment

Enter the amount you are paying- or considering paying monthly. The calculate button will engage and turn color.

  • Monthly Payment (ex: $75)

Simple Free Debt Calculator by Beat Debt Info

 

#4: Calculate

Press the Calculate Button.

  • Calculate

 

Simple Free Debt Calculator by Beat Debt Info

 

 

Results

Simple Free Debt Calculator by Beat Debt Info

 

In this example the person will pay $6871 in interest on an original debt of $4566. It will take over 13 years to resolve the debt, March 2027.

  • $6871 Paid in Interest
  • Will NOT be Debt Free until March 2027
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