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Calculating time to pay off CC Debt.
kimemay
Posts: 1 Newbie
in Credit cards
Hi,
I'm not new to MSE but new to the forums. I'm trying to work out if its going to be better for me to transfer my Credit Card debt to a lower interest loan. At the moment I am paying over my minimum payment but want to know which will serve me better. Is there an easy way to work out how long it will take to pay off the debt paying what I'm paying per month to the credit cards taking into account the interest that I'm paying them? I found an early repayment calculator on MSE for mortgages but it doesn't seem set up for what I need?
I'm not new to MSE but new to the forums. I'm trying to work out if its going to be better for me to transfer my Credit Card debt to a lower interest loan. At the moment I am paying over my minimum payment but want to know which will serve me better. Is there an easy way to work out how long it will take to pay off the debt paying what I'm paying per month to the credit cards taking into account the interest that I'm paying them? I found an early repayment calculator on MSE for mortgages but it doesn't seem set up for what I need?
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