Law Offices of Louis J Esbin

Tel. 661.254.5050




Certified Bankruptcy Specialist
State Bar of California Board of Legal Specialization
  Bankruptcy Law Santa Clarita  
   
 

Debt Time and Interest Reduction Calculator
(back to calculator menu)
This calculator will show you how much interest you will end up paying if you make only the minimum required payment on your credit card bill. It will also tell you how many minimum payments you will make before your balance is paid off (up to a maximum of 600 payments).

Instructions: Somewhere in your credit card disclosure statement the card company will tell you something like "your minimum payment will be 2% of the balance or $10, whichever is higher.

Dollar
Amount
Charged
Annual
Interest
Rate
Min.
Payment
Percent
Min.
Payment
Amount
Interest
Charges
Number of
Payments
Total #
of Years
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  Law Office of Louis J. Esbin - 25129 The Old Road, Suite 114, Santa Clarita, CA 91381  
  As instructed by Congress, we are a federally designated Debt Relief Agency under the United States Bankruptcy Laws to assist people with finding solutions to their debt problems, including, where appropriate, assisting them with the filing of petitions for relief under the United States Bankruptcy Code.  
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