The Credit Card Interest Calculator
Why Make More Than The Minimum Payment?

Our credit card interest calculator will show you how much time and interest you can save by making more than just the minimum payment on your credit card bill each month.

Did you know that a single purchase can cost you more than twice the original price you paid if you only make minimum payments on your credit card?

Input your credit card balance and interest rate, as well as the minimum payment amount into the credit card interest calculator. Then make the same calculation using the fixed payment amount that you can afford each month.

You will be amazed at the difference any extra amount you can put towards your debt can make in the interest you will pay over the course of the debt and the length of time it will take to pay off your debt completely.

Fixed Vs. Minimum Payment Calculator V2
This calculator will show you how much interest you will end up paying if you choose to make the minimum monthly payments, or if you choose to make fixed monthly payments.

Enter principal balance owed ($):
Enter your credit card's annual interest rate (%):
Minimum payment percentage:
Fixed payment amount you could afford each month ($):
Number of months making payments:
Number of years to pay off existing balance:
Interest paid:
Principal paid:

Longer term payment schedules make take 30 seconds or more to appear on your screen.

This Credit Card Interest Calculator is just one of our popular online calculators found here.  

Repairing Credit Yourself

The Fair Credit Reporting Act gives you the right to dispute any and all items on your credit reports that you feel classify as inaccurate, unverifiable, or misleading. If the bureaus can not verify that the information on your reports is indeed correct, then those items must be deleted.

Disputing items on your credit report is easy. Getting results from the credit bureaus is amazingly difficult, complex, and infuriating. It is not a coincidence that the Federal Trade Commission receives more complaints against credit bureaus than any other type of business. Remember, the credit bureaus are primarily interested in protecting their profits. Investigating your challenge consumes these profits. Short of sparking a mass number of lawsuits, the credit bureaus seem to do everything in their power to discourage consumers from making progress in their restoration efforts.

Restoring your own credit is like repairing your own transmission or representing yourself a court of law; it is possible, but you must decide if you are willing to take the time and assume the risks of doing it yourself. Most people choose to allow an attorney to represent them because an attorney better understands the complexities of the legal system. If you decide your time is better spent and you would like a respectable company to help, we HIGHLY recommend using Lexington Law.

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