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Compare Scenarios:Your different scenarios will display here each time you hit the "Calculate" button to the left. Calculator script by Good-Credit-Bad-Credit.info
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Credit card interest is compounded daily, which means it adds up fast. In some cases, when paying the minimum, it could take you years to pay it off, meanwhile interest accrues and your credit card bill increases even more. If you are in over your head, then contact a respected debt settlement provider who can negoitate lower monthly payments and get debt reduced. Debt reduction of up to 50% is possible for qualified individuals.
Use the compound daily finance charge and interest calculator to see the effect on your credit card balance.
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