Debt consolidation loan interest calculator
0 Comments Published by bill hilton on Wednesday, August 16, 2006 at 2:41 AM.
I've just been scouting around the web in search of a really reliable and usable interest calculator. Most of the ones are based on you entering the loan capital and the amount you wish to pay a month, plus the interest rate, to work out how long it will take you to pay off your consolidation loan.
That's fine, but the majority of consolidation loans are based on a fixed term. There's a really good fixed term calculator here. This is useful because you can work out the exact savings you'll make comparing different repayment periods and varying interest rates.
As we've said before, the secret to successful debt management is to do a lot of detailed research and choose exactly the right deal from the best-value debt consolidator you can find. It might seem like hard work, but the extra hours of work can save you hundreds of dollars.
That's fine, but the majority of consolidation loans are based on a fixed term. There's a really good fixed term calculator here. This is useful because you can work out the exact savings you'll make comparing different repayment periods and varying interest rates.
As we've said before, the secret to successful debt management is to do a lot of detailed research and choose exactly the right deal from the best-value debt consolidator you can find. It might seem like hard work, but the extra hours of work can save you hundreds of dollars.
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