Paying interest on your debts can become very expensive very fast. This calculator helps figure exactly how expensive your debt is. Simply enter the card name and outstanding loan balances for all your credit accounts. You will see just what you owe, how much interest you're slated to pay, and how long it will be until the accounts are paid in full.

Credit cards

You may enter up to 4 credit card accounts, one per line.

Balance

The current amount you owe on your credit card or loan.

Interest rates (APR)

This is the rate which is charged or paid for the use of money. It is expressed as an annual percentage of the principal. It's calculated by dividing the amount of interest by the amount of principal. For credit cards, the rate you enter is used to figure the interest you'll pay on all future card payments. The time it takes to pay off this card may be longer than calculated if you enter a promotional interest rate that is only available for a limited time.

Monthly Payment

How much you currently pay each month on your credit card or loan balance.

Auto loans

To figure how many monthly payments you have left, and the total interest to be paid, simply enter your current balance, APR and monthly payment.

Other loans

To learn the number of monthly payments and total interest you have left, enter your present balance, APR and monthly payment for up to two personal loans, and one additional loan.