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Credit Card Payoff Calculator

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					Title:
Credit Card Payoff Calculator


Word Count:
417


Summary:
A credit card payoff calculator helps by giving an idea as to how you could replay the balance in your credit
card and thereby showing you the necessary changes you could do for targeting your repayment goal.



Keywords:
loans, mortgages, finance, credit cards



Article Body:
A credit card payoff calculator helps by giving an idea as to how you could replay the balance in your credit
card and thereby showing you the necessary changes you could do for targeting your repayment goal. Credit
card payoff calculator is a financial calculator that can be run with Java Support and a browser. You could
make an entry of all credit card balances and find out the amount owed and the duration you would require
to repay the credit. This way a credit card payoff calculator helps in chalking out a plan for managing your
credit card balances.


In a Credit card payoff calculator, one may be required to enter the current balance, the monthly payment
that you are making currently, the rate of interest and the payoff goal (in months). The payoff goal is the
duration within which you possibly would like your credit card balance to be repaid. Once these data are fed
in, on clicking the calculator button, the calculator calculates the number of months that you would require
to repay the balance if continued at the current rate, and also calculates the amount that you may have to pay
every month to meet your payoff goal.


The best way to get a better deal while opting for a credit card is to figure out the cost a given card could
give you. Though one has innumerable number of offers from credit card companies, with each providing
better offers than the other, the credit card payoff calculator can help in calculating and analyzing the true
cost and helps in comparing the credit card rate of different companies and you could choose the one that
best suits your needs.


To put it in short, the credit card pay off calculator is a program that will help you determine the duration
that you would take to repay the debts on your credit card based on the figures you supply. Thereafter, you
could show the information to a professional counselor who could help you with suggestions to repay the
debt in lesser time and smaller cost. Through a credit card payoff calculator, one can get their interest rates
reduced considerably. By calculating in advance, it could help one get out of credit card debt in a shorter
time, thereby helping you to waive off the over limit fees. It works with minimum resources with no
additional software and works like windows calculator and could be considered as a must have for all credit
card holders.




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posted:12/31/2011
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