Credit Card Minimum Payments Tool

Many people with debt problems think that by making minumum payments on their credit cards, they are paying off their debts. Yes, but very, very slowly.

This keeps you where the credit card provider wants you - in debt and paying interest every month, often for years on end.

If all you can afford on your credit card debts is minumm payments, then it would appear you are on the brink of a debt crisis. This tool shows how long it will take you to clear your debts by making small payments, while interest keeps accruing.

How much do you owe on the card? £
What's the interest rate? %
18% is the average credit card APR.
What are your Minimum Repayments?
If you don't know, leave the default values . We'll tell you if this is too low.
% of outstanding balance or £ per month, which ever is higher.
Which solution is right for you? - Speak to us for Confidential Advice
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