🔗 Debt Consolidation Calculator
Calculate potential savings from consolidating multiple credit card debts into a single loan with lower interest rates
💳 Debt Payoff Calculator
Calculate debt payoff strategies and compare different payment approaches
💡 Debt Payoff Tips
- • Pay more than the minimum to reduce total interest
- • Focus on highest interest rate debts first (avalanche method)
- • Consider debt consolidation for multiple high-interest debts
- • Stop using credit cards while paying off debt
- • Create a budget to find extra money for debt payments
- • Consider balance transfers to lower interest rate cards
How to Use
1. Enter details for all current credit card debts
2. Input consolidation loan terms and rate
3. Compare total monthly payments
4. Analyze interest savings over time
5. Review simplified payment structure
6. Evaluate consolidation benefits vs costs
Features
✓ Multiple debt aggregation
✓ Consolidation loan comparison
✓ Interest savings calculation
✓ Payment simplification analysis
✓ Payoff timeline comparison
✓ Total cost benefit analysis