Credit Card Debt Calculator

[I'm going to win]

I have serched for a calculator that will allow me to get a figure based on making more than one payment per month, but so far can't find one. Does anyone know of one on the net that they would recomend. Thanks for your help in advance.

[PRICEPLUS]

Check out www.Bankrate.com

Click on the top where it says calculators. Then look under credit card section for the loan calculator. I believe that may be of use to you!

[neatdesign]

I use the Debt Reduction Planner at CNN.com, which I've found very helpful and user-friendly.

Even so, I also pay multiple payments per month, and I haven't found a good calculator for that, including the one above. What I always end up doing is figuring out what the monthly amount would be and put that in.

For example, if I pay $50/week payments, that's $2600/year, or $216.67/month. Or, if I pay $50 every 14 days, and $100 every other 14 days, that's $3900/year, or $325/month (not $300/month, as many would assume).

However, if your payment amounts are inconsistent and fluxuate week-to-week or month-to-month, then it will be more difficult to track how much you're actually paying each mont.

~ Jenney