If you have a Credit Card balance you'll be surprised on how much you are paying in interest to your Credit Card company every month. This calculator will tell you what your Credit Card company doesn't tell you. Rid yourself of high interest credit cards whenever possible. If you do need credit cards, shop around for the best interest rate for your situation. Rates vary according to your credit ratings.

Enter the amount you carry each month

Enter your yearly interest rate (don't forget the decimal point)

Click below on "Go Figure"

What your Credit Card company takes from you each:

Year	Month	Week	Day

To get out of this Credit trap, here are some suggested monthly payment schedule. This is what you would have to pay in order to fully pay off your balance including interest, assuming that no new purchases are made.

20 months	12 Months	6 Months	3 Months

Go Figure

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