how to get a debt free date?

badgerbread

I have noticed that a lot of you have debt free dates in your signatures is there a program that works this out for you or is it just a time when you want to be debt free (a good guess) as I want to do it in 5 years but htis is just a good duess on how long it will take.

fermi

A lot of people use the "snowball" calculator I think.

http://www.whatsthecost.com/snowball.aspx

OberonSH

Or, you divide your current debt by your repayments, and that gives you how many payments left - this is most likely months, but could be weeks, dependant on how you pay. I prefer to think of mine as months really, as the date I have scares me!