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Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
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Roll-Down Your Credit Card Debt Calculator

If you want to pay down your debt as quickly as possible, then it’s important to look at the ways different monthly payments and interest rates affect your payment schedule. The Roll-Down Credit Card Debt Calculator uses your current debt information to project various scenarios for your repayment strategy. Even with paying the same amount each month, these payments can be rolled to eliminate the highest interest rate loans first, meaning you’ll pay less money overall. When each balance is paid in full, that minimum payment is applied to the balance with the next highest interest rate. This process continues until all the loans and credit cards have been paid in full.

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National Debt Relief LLC

Roll-Down Your Credit Card Debt Calculator!

The credit card roll-down applies two simple principles to paying off your credit card debt.
  1. Pay off your highest interest rate first.
  2. When a credit card balance is paid in full, apply its monthly payment to the balance 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. Click the “View Report” button for a detailed look at the results.

National Debt Relief LLC
180 Maiden Lane, 30th Floor
New York, NY

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

The Roll-Down Credit Card Debt Calculator applies two important principles for paying off credit card debt: 1) Eliminate high-interest balances first. 2) Then, when the balance is paid in full, the monthly payment is applied to the next highest interest rate. This snowball effect helps to minimize the interest burden over time, resulting in a fast-track approach to becoming debt-free. Start by entering the details of each of your credit card balances, including the current interest rates. Include all outstanding balances to see a clear picture of your current payoff timeline. The graph shows how minimum payments are a slow method for paying off the debt.

Next, use the calculator to see how the roll-down strategy can be used for your debt payment. When the highest interest balance is paid in full, the calculator applies the monthly payment to the next credit card with the highest rate. This roll-down amount increases with time as balances are paid in full. Eventually, you’ll have rolled through all the debt to reach the point of being debt-free. The calculator displays an easy-to-understand graph that gives you a side-by-side comparison of your current payoff schedule to a potential roll-down payoff method. Adjust the numbers to see the potential solutions to help you achieve financial freedom as quickly as possible. The right financial strategy can reduce the payment timeline by years and save a lot of money in interest costs.

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