The minimum monthly payment on your credit card is often designed so that customers struggle to pay off their debt in its entirety. Most customers don’t realize that by consolidating their debt with a personal loan they can save hundreds of dollars! See what the true cost of the minimum payment is with Rateology’s Minimum Payment Calculator.
Enter your Debt Amount, the Minimum Monthly Payment (this can either be what your company requires or what you wish to pay), and the interest rate on your credit card. Include your desired term (number of months you wish to pay off your debt in) and your area to see the benefits of consolidating your debt into a personal loan.
Enter your information and press the Estimate Time to Payoff
button to see your results here.