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What is the fastest way to pay off my debts?

Accelerated Debt Payoff Calculator



This calculator will show you how much time and money you could save by paying off your debts using the "rollover" method. Using the rollover method, as each smaller debt is paid off, the freed-up payment amount is then applied to the next larger debt, and so on until all debts are paid off. As you are about to see, the rollover method can save you a ton of money in interest charges, and get you debt free in a very short period of time.

If you are burdened with debt from personal loans and multiple credit cards the "rollover" method used by the calculator is one of the most effective methods of becoming debt free. It is a simple concept but requires discipline to succeed. Keep the end goal in sight at all times and take heart from the steadily reducing outstanding balance and you will feel a huge weight lift off your shoulders. The joy of being financially free after years of depressing debt is beyond expression.

We also have a Debt Consolidation Calculator that we highly recommend. It allows you to check out possible scenario's for a second solution to your debt consolidation problems.

CLICK HERE FOR FREE QUOTE FROM EASY LOANS Easy-Loans (EL) is an emerging online exchange that conveniently connects interested consumers to professional mortgage services companies in its Australia wide network. Click on the blue button and fill out the online form for a free no-obligation quote.

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Accelerated Debt Payoff Calculator

Instructions: Ordered from smallest balance to highest balance, enter the name, current balance, interest rate and minimum payment amount for all of your debts (up to a maximum of 10 debts). Next, enter a monthly dollar amount you could add to your accelerated debt payoff plan. Then, click the "Calculate Results" button.

Note: If you include your mortgage in your Accelerated Debt Payoff Plan, be sure to enter only the principal & interest portion of your monthly mortgage payment (don't include monthly tax and insurance portion).

Entry Columns Calculated Columns
# Creditor Principal
Balance ($)
Interest
Rate (%)
Payment
Amount ($)
Interest
Cost
# of Pmts
Left
1
2
3
4
5
6
7
8
9
10
Enter a monthly dollar amount you can add to your debt payoff plan:
Results Principal
Balance
Interest
Rate
Payment
Amount
Interest
Cost
# of Pmts
Left
Current totals: N/A
ADP totals: N/A
Time and interest savings from Accelerated Debt Payoff Plan:



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Debt Consolidation Calculator
Accelerated Debt Payoff Calculator
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