Jun 24 2017

Personal Debt Consolidation #citifinancial #loans

#consolidation loan calculator

Personal Debt Consolidation

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For more information about these these financial calculators please visit: Dinkytown Financial Calculators from KJE Computer Solutions, LLC

Personal Debt Consolidation Definitions

Use minimum payment If you checked the use credit card minimum payments box, your monthly payment is calculated as 4% of your current outstanding balance. With the use credit card minimum payments box checked, your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance is paid in full.

(We calculate your minimum monthly payment as 4% of your current outstanding balance. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.)

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