Links > Budget and FinanceApril 10, 2005

Budget Calculator - Debt Calculator

Great debt calculator located at:

http://cgi.money.cnn.com/tools/debtplanner/debtplanner.jsp

As a former Credit Analyst and Credit Counseler, I have to say this debt calculator is the best! You can see how long it will take you to pay off your debt if you only pay your minimum payments. It also give you the options of seeing when you'll be debt free by fixed payments, or you can check a "Debt-Free Deadline" by entering when you want to be debt free and the calculator will show you how much you need to pay. You need to stick to the plan in order to get it done, and not use the credit cards you're trying to get rid of. HDS

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