Total Interest:

WITH THE AMOUNT OF INTEREST YOU ARE PAYING, YOU COULD HAVE BOUGHT…

Credit card debt haunts millions of people especially because it’s easy to get roped into getting a credit card for every store you shop at. Department stores, and specialty stores ask shoppers at the time of purchase if they are interested in opening a card, which usually provides a hefty savings on their purchase for that day. The savings entices many customers to sign up and begin saving right away. Unfortunately though, these cards can quickly wrack up and usually have a high interest rate. Before you know it, you’ll have a card for every store you shop at even stores you only frequent once in a while.

It’s not just department stores; credit card company’s target the younger generations that are more likely to hit their credit limit quickly once they see how much money is available to them. Once this happens, these 18, 19, and 20 year olds are stuck with the monthly payments that can easily get out of hand, especially if they miss a few payments. Before this happens, parents should help their children keep the credit balance down so that repayment isn’t too difficult. While it’s good to establish credit to help with an individual’s credit score, credit cards can also be taken advantage of, and before it’s too late, the debt is headed to a collection agency. To monitor their spending, these young credit card holders should keep track of their payments, and use a debt calculator for them to truly understand interests rates and how long it will take to pay off the existing balance on their cards.

A debt elimination calculator can help people that are late on their payments, or are struggling to meet the minimum payment each month. The above credit card debt calculator will give you everything you need to know about your credit in an easy to read chart. An online debt calculator will help you better understand the debt you have, how long it will take you to pay it off, and information about the interest on these cards. This is the first step to help you get a hold of your finances and help free yourself from the burden of debt. Once you receive your report you will have an easy to understand breakdown of all the information that will help you plan your finances accordingly in the future.

People that have dealt with credit card debt problems in the past should minimize the amount of credit cards they have. As mentioned before, while department store credit cards are convenient they can also prove costly with their high interest rates. When making purchases with a credit card many times people don’t realize how much money they’ve spent until they reached the limit on the card or they receive a new statement for that month. To help reduce the debt, these people should pay off one or two of the cards, cancel the account, and cut up the card so there’s no way that the card can be used again. Consolidation is sometimes that best option for people with a lot of credit cards and a large amount of debt. By consolidating, they can pay one monthly payment that covers all of their cards.

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Amortization Charts

Whether it’s to buy a new or used car, people usually get a car loan to help pay for their big-ticket purchase. These loans can come from the dealership, credit union, bank, online lender, friend, or family member. Either way, these loans can take years to pay off depending on the amount of money you put down on the car, the interest rate, and your monthly payment. In order to get these loans, the individual must have a decent credit rating, which means that they probably have other debt whether it’s for a mortgage, other loans, or credit cards. With that being said, it’s imperative that the individual keeps track of payments, and other debts to ensure that they aren’t getting trapped under a mountain of monthly payments.

An auto loan calculator is a great tool to help you decide if getting a car loan is manageable with your income and other bills. Estimate your car loan amount, average interest rates, and opening terms of the loan you can get a better grasp of your finances. After doing these calculations, you can assess if getting a new car is feasible at this time. The worst thing that you can do is get a car that you cannot afford which can transform a good credit rating to a bad standing. Car repossessions occur when people cannot pay for their car loan and fall behind on their payments. After imputing the information into the free debt calculator, a report shows graphs and charts to help you assess if it’s appropriate to get a car loan.

Maybe you already have a car loan and you want to see how much longer you will have to pay on the loan if you keep paying a certain amount of money each month. This is where debt calculators will come in handy. By inputting all the essential information for all your debt, you can get a grasp of your repayment efforts to bring down your debt and get back on track with your personal finances.

The above personal debt calculator is a perfect starting point for individuals that are getting their first loan or have an existing auto loan. The calculator takes all your debts and compiles them into an easy to read report that can be printed out to put with your records. People should use this calculator early and often to track their efforts to reduce and payoff all their debts. Don’t wait until it’s too late; take control of your finances now.

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Amortization Charts

To many, owning a home is what many couples and individuals want to purchase in their lives. Because of the price of homes today, many of the population must get a mortgage loan to help them pay for their home with a monthly payment that they can afford. People can get mortgages from a mortgage broker, credit union, or commercial bank. When getting a loan, it is imperative to understand all the technicalities of the loan like the interest rate, how many months the loan will take to repay, and how much the payments will be. If the payments and interest are too high, then you must reevaluate your home buying budget before getting a loan. The best way to find the loan that will work best for you is by putting the information into a home loan calculator. Make estimations and see what would work best in your current financial situation. By doing this, you’re figuring out the price range that you can comfortably afford.

The above debt calculator is used to help you get a hold of your finances and understand the interest rate and other important aspects of all your debts. Designed to take all of your debt and organize it into graphs and charts, the debt consolidation calculator is an essential tool to get anyone back on track with their finances. It’s imperative that individuals keep a good credit rating because a bad score can hinder people when they need to receive another loan, get a mortgage, or open an additional credit card. People that have a great credit score stay on top of their finances by making their payments on time, tracking their purchases and debts. The first step to help you get control of your finances is to use the above personal debt calculator early and often. By calculating these reports every few months, you can see how much your monthly payments are contributing to lower your overall debt. Keeping this information with your finances can effectively help you eliminate these debts faster because the charts and graphs help you understand your repayment plan. The free reports provide you with vital information that can only help manage your accounts and can help you reduce your debt. Don’t let your finances snowball out of control; get your report today and feel the relief tomorrow.

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Amortization Charts

An installment loan has a fixed payment and interest that doesn’t change throughout the life of the loan and are repaid in fixed installments. People can get an installment loan for a plethora of purchases expect for real estate. People that have these loans can pay them off in months or years depending on the amount of money that was borrowed, as well as how much the payments are each month.

If you’re planning on getting your first installment loan, it’s a good idea to understand your current financial situation to be sure that you will be able to make the monthly payments on time and in full. So before you make a purchase that you’ll have to take out an installment loan for, use our free online debt calculator that can help you get a broader picture of your current debt. You can estimate the amount of this loan, interest, and how many months you want to have the loan for to see whether or not it’s a good idea to make the purchase or not. These preliminary calculations can help you plan an acceptable payoff method before you take out a loan that you cannot afford. It’s always a bad idea to create more debt if you’re already having problems paying the minimum payment each month.

Maybe you already have an installment loan that you’ve been paying on for a while now and you want to know how long it will take you to finally pay off the entire amount. The loan payment calculator can help you do this and all you have to do is enter the information above. The report at the end allows you to see all your debt as a whole. This information is also broken down into individual reports to help you look at each section one at a time. Either way, this information is the best way to track your spending and help you eliminate your debt. Every so often, users should run another report to see how their payments are helping to bring down their overall debt.

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Amortization Charts

A miscellaneous loan can be taken out for any number of things, whether it is for a remodeling project, or to pay for big-ticket items to furnish a new home. Student loans are another example of a miscellaneous loan that a large amount of the population is paying on each month. Many people these days receive some kind of higher education whether it be at a trade school, four year institution, or graduate schools for a masters or doctorate program. With that being said, there is a vast majority of people that have student loans that they must pay back after graduating. These loans can vary from a couple hundred dollars to thousands of dollars depending on where the person went to college and how long they attended school. Recent graduates can keep an eye on their repayment efforts by using the above debt repayment calculator. For some, the harsh reality of student loan payments don’t quite sink in until they see the minimum payment price and pair that with the years it will take to finish paying on their student loan.

Other miscellaneous loans might not be as high as a student loan payment however, it still doesn’t take away from the fact that it’s important to track these payment efforts. Users should include all loans that they are paying on to get an accurate assessment after the calculations are finished.

The above loan payment calculator is the best way to help keep track of all your debt including your student loan or other miscellaneous loan payments. By entering in all the information from your credit card debt, to a mortgage, and other loans you can get a better grasp of the interest, and figure out how long it will take you to pay off your debt. This information should be kept with your personal financial information to help you stay informed about your debt and help you track your repayment efforts.

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Amortization Charts

Tax season comes every year and while many people receive a refund check some of us must pay into the IRS. Unfortunately, sometimes the amount that needs paid in is too much to pay up front and an installment agreement must be organized to repay the taxes in full. It’s imperative to stay on top of these payments and make at least the minimum payments every month to ensure that you don’t fall behind and make the repayment process longer. If the debt is not paid off by the next year during tax season the remaining balance will be deducted from future refunds. If you don’t receive a tax refund that year, the remaining balance will be added to the new total.

To help you stay on top of these repayment efforts it’s important to keep track of all payments. By using the above loan calculator you can get a better understanding of the debt and follow how long it will take you to pay the IRS back in full. This is important because no one wants it added to the following year at tax season. A great way to ensure this won’t happen to you is by using the personal debt calculator after making your first payment on your IRS installment agreement. After filling out the sections, the calculator will show you how long it will take to pay off the agreement and will better help you assess how much you should pay in each month.

The debt consolidation loan calculator provides users with a clear report that represents all the personal debt that the individual has accumulated with loans, IRS information, and credit cards. The charts and graphs show the debt as a whole and can also be individualized according to each section that you filled out. By looking at this information, people can help stay on track with payment methods and help free themselves of their debt. Every so often, users should come back and put in the information to calculate their repayment efforts.

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Amortization Charts

Credit Card
Car Loan
Mortgage Loan
Misc Loan
Inst. Loan
IRS

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