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5950 Canoga Avenue
Suite 417

Woodland Hills, CA 91367

Phone: 818.883.4800

Fax: 818.883.9222

jdespain@cynoak.com

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Printed from: www.canyonoakfinancial.com

Canyon Oak Financial
5950 Canoga AvenueSuite 417, Woodland Hills, CA 91367
818.883.4800 | jdespain@cynoak.com

Credit-Card Debt

How Long Will It Take to Pay My Balance?

If you have accumulated credit-card debt, you can use this calculator to estimate how long it could take you to pay off that debt based on your payment amount.

Your Results

Assumptions:

No additional charges are added to the balance.
12 equal billing cycles per year.

My current credit card balance:	$0.00
The annual percentage interest rate on your card:	0%
The minimum amount required to pay only the interest:	$0.00
Each month you plan to pay:	$0.00
At that payment, the time required to pay off your balance:	0 years
You will pay total interest of:	$0

This chart shows the number of years it would take you to pay off your balance based on the information you provided. You can substantially reduce the time needed to pay off your debt and your total interest paid by increasing monthly payments. If you feel your credit card interest rate is too high, you may want to consider whether you can transfer your balance to a lower-interest card.

Credit Card Balance Over Time

Jennifer deSpain is a registered representative registered to transact business with clients in California and Missouri. Jennifer deSpain is advisory licensed in California and Missouri and an insurance agent licensed in California and Missouri. CA Insurance License # 0I36687. If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet. Securities offered through H.D. Vest Investment ServicesSM, Member: SIPC, Advisory Services offered through H.D. Vest Advisory Services SM, 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.

Canyon Oak Financial is not a registered broker/dealer or independent investment advisory firm.

Investments & Insurance Products:
Are not insured by the FDIC or any federal government agency
Are not deposits of or guaranteed by the bank or any bank affiliate
May lose Value

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Credit-Card Debt

How Long Will It Take to Pay My Balance?

Remember, the more you pay each month, the sooner you could pay off your debt and the lower your total interest cost should be.

Your Results

Credit Card Balance Over Time

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