How to Use an Online Debt Consolidation Calculator Debt consolidation calculators are available on nearly any site that offers debt relief. The calculators for debt consolidation help debtors discover the potentials of savings each month on debt consolidation. Since debt consolidation agencies work to combine a debtor's bills into one monthly installment, they can help get rid of the high interest rates on loans or credit cards. Some debt consolidators lay out a play that will help you get taxes back on your efforts. Thus, the calculators presented by these websites will help you to determine how long it will take before the investments become equivalent to the fees of getting a fresh loan for consolidating your bills. Therefore, before you fill out that application that will add points against your credit reports, use the website calculator to determine if the deals are right for you. The calculator requires that you have your bills on hand to determine the amount you owe. Most calculators are the nearly identical with the exception of a few that are more advanced. However, you will need to supply your zip code, an estimate of the interest you pay, the terms of your agreed payments, the cost of your loans, the loans' points, and you tax rates. You will also need to supply to the debt consolidation calculator amounts on car loans, boats, credit cards, and other loans. Once you provide the debt consolidation calculator with the details, you will hit the calculate button to get an estimate. Some debt consolidation calculators may require more or fewer details. For instance, some request student loans. In the label "other loans" is most likely where you would type in your student loans in debt consolidation calculators that do not specifically ask for this information. Finally, online debt consolidation calculators are faster and easier to use than filling out applications abruptly.