1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will term you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have atleast 2 credit cards and 14% of them have 10 or more credit cards.

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One Time Debt Investment Calculator

This One Time Debt Investment calculator will tell you how much Interest fees you will save if you add an extra one time payment to the original payments you make every month. For example, if you have an extra $50 saved up this month, and you use it to pay off your debt, this calculator will tell you the Interest Charges you will save by making that additional $50 payment.

Enter the principal balance owed:
Enter the annual interest rate:
Enter the regular monthly payment amount (principal and interest only):
Enter the amount to add to the next payment:

Current Payoff Term (Months):
Revised Payoff Term (Months):
Time Saved (Months):
Current Interest Cost:
Revised Interest Cost:
Total interest savings (Return on investment):
Guaranteed Annual Rate of Return: