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 Advertising
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Finance
Calculators
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The Credit Card
Roll-down Calculator applies two simple
principles to paying off your credit card
debt.
- Payoff your highest
interest rate first.
- When a card balance is paid in full,
apply its monthly payment to the card with
the next highest interest rate.
To see how this
can be applied to your credit card debt,
enter your credit card balances and an
additional Roll-down amount. The calculator
will then apply your additional monthly
payment to the credit card with the highest
rate. When that credit card is paid in full,
the card with the next highest rate will be
paid down. This continues until you have
rolled through all of your credit cards and
your debt is paid in full
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