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Otherwise, it can lead to more debt and confusion about the progress you’re actually making on paying your cards off. Avoid any spending on your credit cards while you’re paying them off. Making additional monthly payments on your credit cards can help you pay off your debts even faster and save thousands in interest. This calculator can help you figure out how soon you can pay off each credit card. It will also let you decide how you want to prioritize payment of your credit card debt, either by highest interest rate or smallest balance. Doing this will allow you to devise a plan and a budget.

Start by getting clear on how much you’ve spent and what you owe on your credit cards. But facing your debt head-on is the first, most crucial step. Your initial instinct may be to ignore your mounting credit card debt and put off paying down purchases. Use the calculator below to figure out how soon you can pay off your credit card debt. This early payoff calculator, lump sum calculator, and extra payment calculator will determine your savings and how much faster you will pay off your loan by. Making additional monthly payments on your credit cards can help you pay off your debts faster and save thousands in interest.

Loan payoff calculator