About the Author
Preet Banerjee, B.Sc., FMA, DMS is a former stockbroker and financial advisor in Toronto. Information on this site is for entertainment purposes ONLY. Always seek individual professional advice before making any financial decisions.
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June 24th, 2009 •
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Do you carry a balance on your credit cards? This handy calculator will allow you to see just how long it will take you to pay off your balance based on the payments you are making. PLUS it will also calculate what monthly payment is required to pay your balance off in a desired time period. Check it out!
(If you are reading this by email, click here to visit the calculator online.)
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Comment by Jordan on 25 June 2009:
If new government regulation on the credit card companies makes it into law then credit card statements will have to start displaying this kind of information right at the top in a summary. I think it’s a great idea and will be huge wake up to consumers who carry a balance.
Comment by Preet on 25 June 2009:
Let’s hope so!
Pingback by Credit Cards » Blog Archive » Credit Card Payoff Calculator : WhereDoesAllMyMoneyGo.com on 25 June 2009:
[...] Steve wrote an interesting post today onHere’s a quick excerptDo you carry a balance on your credit cards? This handy calculator will allow you to see just how long it will take you to pay off your balance based on the payments you are making. PLUS it will also calculate what monthly payment is … [...]
Trackback by The Canadian Finance Blog on 26 June 2009:
Friday Links…
Financial Highway helps us understand ETFs.
Canadian Mortgage Trends asks when will prime go up and does it matter?
Larry MacDonald from the Canadian Business Online Blog questions if the two new iShares ETFs are worthwhile?
Moolanomy shows how to ach…
Pingback by The Financial Blogger » Blog Archive » Financial Ramblings on 27 June 2009:
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Comment by Gold Forecasting on 2 July 2009:
Great excellent interesting informative blog post,….
Pingback by Credit Cards » Blog Archive » Credit Card Payoff Calculator on 2 July 2009:
[...] unknown wrote an interesting post today onHere’s a quick excerptDo you carry a balance on your credit cards? This handy calculator will allow you to see just how long it will take you to pay off your balance based on the payments you are making. PLUS it will also calculate what monthly payment is … [...]
Pingback by Credit Cards and the Economy » Blog Archive » Credit Card Payoff Calculator : WhereDoesAllMyMoneyGo.com on 9 July 2009:
[...] wawan wrote an interesting post today onHere’s a quick excerptDo you carry a balance on your credit cards? This handy calculator will allow you to see just how long it will take you to pay off your balance based on the payments you are making. PLUS it will also calculate what monthly payment is … [...]
Comment by Alex Fernandes on 15 September 2009:
Great post, i totally agree that it will help many people to check their pay off balance.