Fixed Vs. Minimum Payment Calculator
This calculator will show you how much interest you will end up saving if you start making fixed payments on your credit card rather than the prescribed minimum payments.
Enter current balance owed :£
Enter your credit card's annual interest rate : %
Enter current minimum payment ( -- 1.5% 2% 2.25% 2.5% 3% 3.5% 4% 4.5% 5% of balance):
Enter a fixed payment amount you could make each month :£
Payment Method	Number of Payments	Total Interest Cost
Minimum payments:
Fixed payments:
Fixed payment savings:

 

Struggling with credit card repayments?

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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 debt free date that will almost certainly be earlier than the results in the calculator above might show.