Debt Lifter Help
Credit Card Calculator
Use this calculator to compare the credit card statement minimum payment against an alternative payoff plan.
Statement Inputs
- Credit Card Balance
- Enter the balance owed from the credit card statement.
- APR (%)
- Enter the annual interest rate shown on the statement.
- Minimum Payment
- Enter the minimum payment requested by the credit card company.
- Statement Schedule
- This stays monthly because credit card statements normally bill monthly.
Alternative Plan
- Target Term (Months)
- Enter the number of months you want to target for payoff. This generates the payment guide amounts.
- Monthly / Bi-weekly / Weekly Guide
- Select how often you want to pay. The guide amount estimates the payment needed for the target term.
- Monthly / Bi-weekly / Weekly Payment Made
- Adjust the payment made for the selected plan to fit your budget and help accelerate the payoff process.
- Interest Savings
- Shows estimated interest saved compared with following the statement minimum payment.