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gold dollarAccelerated Debt Reduction Calculator

Pay Off Debt Faster!

What is the fastest way to pay off debt?

Whether you call it the debt reduction calculator, the debt elimination calculator or the debt snowball calculator, the fact is it will show you how much time and money you could save when you pay off debt using the "rollover" or "snowball" method.

Using the rollover or snowball method, as each smaller debt is paid off, the freed up payment amount is then applied to the next larger debt, and so on until all debts are paid off.

As you are about to see, the rollover or snowball method can save you a ton of money in interest charges, and get you debt free in a very short period of time.

With the help of this debt reduction calculator, you can:

checkmark bullet Create a plan to pay off debt, all of it including mortgages, car and home equity loans.

checkmark bullet Avoid bankruptcy and "debt settlement" that can damage your credit and severly limit future borrowing options.

checkmark bullet Avoid costly "debt consolidation loans", which actually increases your debt and can extend the time it takes you to get out of debt.



Accelerated Debt Reduction Calculator
Instructions: Ordered from smallest balance to highest balance, enter the name, current balance, interest rate and minimum payment amount for all of your debts (up to a maximum of 10 debts). Next, enter a monthly dollar amount you could add to your accelerated debt payoff plan. Then, click the "Calculate Results" button.

Note: If you include your mortgage in your Accelerated Pay Off Debt Plan, be sure to enter only the principal & interest portion of your monthly mortgage payment (don't include monthly tax and insurance portion).

Entry Columns Calculated Columns
# Creditor Principal
Balance ($)
Interest
Rate (%)
Payment
Amount ($)
Interest
Cost
# of Pmts
Left
1
2
3
4
5
6
7
8
9
10
Enter a monthly dollar amount you can add to your pay off debt plan:
Results Principal
Balance
Interest
Rate
Payment
Amount
Interest
Cost
# of Pmts
Left
Current totals: N/A
ADP totals: N/A
Time and interest savings from Accelerated Pay Off Debt Plan:



checkmark bulletThis Accelerated Debt Reduction Calculator is just one of the many free online calculators available to you here.








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