Calculator Card Consolidation Credit Debt [creditdiagnosis]

Calculator Card Consolidation Credit Debt [creditdiagnosis]

Question by blurlucas: For a mortgage affordability calculator - credit card debt is my monthly minimum payment? Or the balance total? It asks for your debt, and suggests credit card / auto loans etc. Is it my monthly balance I consider or just what the minimum payment is since the balance always fluctuates... Best answer for For a mortgage affordability calculator - credit card debt is my monthly minimum payment? Or the balance total?:

Answer by kittykat468_314
it normally wants to know what is your minimum payment on your debt. so it can calculate how much you have left to use on your mortgage payment.

Answer by jlf
Total debt owed. If it wants monthly payments, it will say so.

[credit debt calculator]

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While researching calculator card consolidation credit debt, you will undoubtedly encounter a wide variety of resources geared at credit card debt.  This comes as no surprise given the number of households currently in debt and the impact this  has on your life.  So whether you are interested in calculating how long it'll take to pay off credit card debt or how you can consolidate your debt, then read on.

Many people will use a debt consolidation loan to reduce the number of monthly payments they need to make on their debt.  This option can be appealing for some but it does have it's drawbacks.  The most important drawback is that while it may make paying your debt down easier, it doesn't address the fundamental habits that put you into debt to begin with. 

A calculator card consolidation credit debt can be addressed in a variety of ways.

If you are looking for a tool to calculate what your payments will be, there are no shortage of websites out there providing this type of service.  Hopefully you are not trying to figure out how much debt you can put yourself into, unless it is "good" debt such as a home or auto loan.  Assuming it is not that type of loan, you should never intentionally place yourself into debt.  Treat credit cards as though they are debit cash cards.  If you do not have money in an account to back your purchase, don't make that purchase.  Whether it is a mileage credit card or other type of card, it should not be treated as a payday advance.

Issues related to credit card debt including consolidation loans, debt attorneys, and other topics should not be taken lightly.  Be sure to thoroughly research any topic before making a decision that may affect your financial well being.

We hope that you've found this brief discussion related to calculator card consolidation credit debt helpful. Related Calculator Card Consolidation Credit Debt Issues