GreenPath Debt Payoff Calculator
- April 29, 2021
- By: Greenpath Financial Wellness
DEBT PAYOFF CALCULATOR
Credit card debt can feel overwhelming. Your current interest rate, monthly payment, and financial situation will all affect how quickly you can pay off your debt. This will also impact what you end up paying overall.
To get started with debt repayment, we recommend using a debt payoff calculator to estimate your total interest and principal payments, and how many months it will take to pay off the balance.
Depending on your situation, you may find debt relief through a debt management plan. These plans are designed to pay off your debt in 3-5 years and may stop collection calls and result in lower interest rates and monthly payments.
Are you one of the millions of Americans with high interest rates on your credit cards?
GreenPath works with creditors to reduce interest rates and payments. Our goal is to help you pay off your debt faster and put money back in your pocket.
Use the calculator below to see your potential savings. Call us at 1-877-337-3399 to conduct a free debt counseling session to see if our debt management plan is right for you.
Debt Pay Off Calculator
GreenPath Debt Calculator
How the calculator works
The pay “on your own” example assumes you make only the minimum payment. We use an interest rate of 24 percent.
The GreenPath debt management plan example shown is based on getting rid of your debt within five years. We use an average interest rate of 8 percent (in most cases, we can work with your creditors to reduce your interest rate). Actual interest rates will vary by client and creditor.
If the results of the GreenPath debt management plan example show that we might be able to save you money, chat or call us today to conduct a free debt counseling session with one of our NFCC-Certified counselors. The session is 100% confidential, no pressure and judgment-free.