Outstanding Debt Calculator Helps You Create Debt Management Plan
This outstanding debt calculator will help you get a clear idea of how much you owe. Many people have only a foggy idea of what their debt is. By plugging your information into this calculator you will have a clear picture of your financial situation.
It’s hard to plan where you are going when you don’t know where you are. This information is the starting point on your map to financial health.
How much do you owe?
You may need to check your credit card and other loan statements for information on your outstanding debt. It’s very possible you’ve never looked at all this different information at one time. It may seem a little overwhelming. Be assured that it’s necessary to create a plan of action.
Once you’ve gathered your information, enter it into the calculator. For each credit card, auto loan or consumer loan enter your outstanding balance, the current interest rate and the minimum monthly payment.
When you’ve finished plugging in your information, hit the “enter data” button. The graph on the right let’s you toggle between two views:
- How long it will take to payoff the debt under your current creditors
- The total interest you will pay to your current creditors in paying off these debts
The “view report” button also details debt payoff information
Create a plan for paying off your outstanding debt
Now you have a clear picture of your financial status. You may not like what you see. Do you want to payoff your debt and save possibly thousands of dollars? If you are ready to explore your debt consolidation options, call Countrywide Home Loans. Our loan experts are ready to help you find the loan that’s right for your needs. Call 1-888-284-7596 today for a free, no obligation loan consultation.
