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Consolidating credit cards calculator

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The Student Loan Consolidation and Debt Payoff calculator applies two simple principles to paying off your Debt; Consolidate your student loans, and use the monthly savings to pay off your other outstanding debt.

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We encourage you to read and evaluate the privacy policy of any site you visit when you enter the site.There are only three ways to lower monthly debt payments: reduce the principal amount, get a lower interest rate, and extend the payments over a longer term.These three principles are used in refinancing and debt consolidation.Therefore, you should never use your credit card to buy anything you're not going to pay off in the same month unless it's an unavoidable necessity. With that said, you may already have credit card debt you can't payoff right away.Our free calculators and advice below will help you get rid of that debt in the quickest and least costly way possible, and make sure you don't build up bad debt again. Minimum Payment Calculator Principle vs Interest Calculator Credit Card Consolidation Calculator Credit Card Comparison Calculator Credit card debt is one of the worst kinds of debt you can have due to extremely high interest rates and fees.The credit card companies make most of their money on people who don't payoff their cards each month, and once you get stuck they make it harder and harder to dig your way out of debt.

If you owe money on multiple credit cards and can't afford to pay them off now, check out our Credit Card Consolidation Calculator.

There's nothing complex about smart credit card usage, yet credit cards are the downfall of so many people's financial future.

The majority of credit cards have absolutely terrible interest rates and fees.

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan.

Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years.

Calculators are designed to be an approximation using information you provide.