You can calculate the average interest rate at which you can pay off your combined debt. This will help you to decide whether you should move the balance on several credit cards to any one card or to some other debt.
Added on: Fri Mar 16, 2007 8:34 pm
Russert
Guest
The web is full of information on how credit card debt becomes a real mess if not handled properly.
These types of calculators are required so that it becomes easier for people to decide combining balances on various cards will be helpful or not.
Russert
Peter Fenton
Guest
Some people are confused whether to take a mortgage to pay off the credit card debts.
Will it be beneficial to risk loosing your house to pay off small credit card debts?
The answer can be easily analyzed by using this calculator. In my view this is a very important calculator.
