Exceltemplates.org – Having a credit card could be such an addiction for those who love to shop and purchase things. In doing so, it could be difficult to let go of that financially harmful habit that could cost you your life. Luckily, there is a credit card pay off calculator now which will help you to find out how long can you pay off your credit card loan. By using credit card pay off calculator, you will be able to keep track of your balance of credit card and make it easier for you to pay off your credit loan.
Getting of Credit Card Debt
The term of credit card pay off calculator is rather new compared to the concept of credit card itself. Initially, credit card pay off calculator came up to give solutions for those who are having such a hard time to pay off their credit card. By using credit card pay off calculator, people will be able to predict how long they can pay off their credit card loan. Unlike the credit card pay off calculator, the credit card itself was first used in the 40s. Credit card was initially used by the growing numbers of car owners to buy fuel. And now credit card could be used to purchase almost everything.
How to Use This Spreadsheet
Through an excel spreadsheet for credit card payoff calculator, calculating your credit card pay off period couldn’t be easier. There are 3 options you can choose to pay your credit card off. Before selecting one of three available options, you should type your credit card basic information, those are : current balance, interest rate (APR), and minimum payment, either based on percentage or minimum amount. Then you can type additional information in those 3 options.
- Based on minimum payment
- Based on particular number of month (you need to fill desired months to pay off)
- Based on particular monthly payment (you need to fill desired monthly payment)
Once they are all filled, the excel will process your data and come up with the right answer, that you may choose, on how long for you to pay off your credit card loan.
Using Microsoft Excel to simplify your spreadsheet tasks is not as difficult as you think. I learned how to use it in less than 24 hours and rely on internet to find the solution if I got stuck. I am not an Excel expert, but here are all useful spreadsheets I have collected and created.
