Credit Management Tools
The calculators on this site are intended to help you become knowledgeable about the consequences of financial decisions such as debt consolidation. Currently, you will find a debt consolidation calculator, credit card comparison calculator, and a loan repayment calculator.
The debt consolidation calculator is intended to help you determine whether consolidating your debts will actually save you money. Many debt consolidation companies claim they will save you money, but this is sometimes only seen in the amount you pay each month. Many times, depending on the terms, you will end up paying a significant amount more in interest for the term of the loan. Being able to make the determination beforehand will allow you to make an informed decision about whether debt consolidation is right for you. You can use this tool for any debt consolidation loan you are considering, even student loan consolidation.
Credit Card Comparison Calculator
The credit card comparison calculator is intended to help you determine whether consolidating your credit cards will help you save money. The credit card comparison works in the same way as the debt consolidation comparison, but it is more straight forward since there is no set term length to compare for credit cards.
The loan repayment calculator is a cool little tool that will help you determine how different interest rates will affect the amount you ultimately pay for the loan in comparison to the actual loan amount. You will be able to see just how much in interest you will pay for the loan. You can use this tool for many different loan comparisons, including comparing different mortgage rates, debt consolidation loan rates, auto loans, student loans and for any other loan you might have or be considering. It's a very useful tool that will only increase your knowledge and help you manage your debt and credit more wisely.
The home loan & mortgage calculator is a tool to help you decide how much home you can afford based on different aspects of the loan terms, your debt and your income.
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