Credit Card Repayment Comparison

How much faster you can repay your credit card debt

To do a credit card repayment comparison, take your latest credit card statement and enter in your minimum payment in the calculator below. If you keep paying that same amount rather than the reduced minimum payment next month and beyond you'll have your card cleared faster - much faster - providing you don't keep spending on the card.

 

Using this credit card repayment calculator will show just how long it can take to repay a credit card if only the minimum payment is made each month. However, If you can continue to make the same level of payments from the first month you'll see the length of time it takes to pay it off reduces dramatically.

 

It just goes to show why credit card companies are so keen on keeping customers who only make minimum payments each month and why credit card debt is just so hard to get rid of.

 

If your credit card bills are too high and you cannot maintain them then you must seek professional advice as soon as possible. We can help you cut these debts down to size and give you a guaranteed date when your debts will be cleared by that will almost certainly be earlier than the results in the calculator above might show.

 

Time out!

Need a little light relief? Watch this hilarious video about credit card debt in our debt videos section. But don't forget to come back here and sort your debts out!