Credit Card Calculator

One of the things that people need to pay closer attention to is how long it would take for them to pay off their credit card balance. Of course calculating this assumes you stop charging to your account and make the same payment every month until it is paid off, which is something that would only happen in a perfect world. But this calculation does give you a sense of what that debt is costing you. Here is a calculator. When you see how long it is going to take, add up the total dollar amount of the payments, then subract out the amount of the original charges, and you have the interest you paid. If this doesn't get you mad, something is wrong.