No one enjoys being in debt, but it is a place we all seem to find ourselves at certain points in our lives. By making a plan for consistent monthly payments toward your debt, you will be able to pay off your loan in due time. Use this calculator to determine how many payments it will take to pay off your loan.
Enter the current balance.
Enter your monthly payment.
Enter the interest rate for the loan.
The Motley Fool article: "9 Ways to Pay Off Debt."
National Foundation for Credit Counseling promotes financially responsible behavior and delivers the highest quality financial education and counseling services.
The Association of Independent Consumer Credit Counseling Agencies (AICCCA) is a national membership organization, established to promote quality and consistent delivery of credit counseling services, and has links to additional information.
"Knee Deep In Debt", Federal Trade Commission
"For people on Debt Management Plans, a Must-Do List", Federal Trade Commission