Debt Consolidation Calculator

Start New Financial explains how to calculate the consolidation of your debt like in a debt consolidation calculator.

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Time for you to calculate all the money, time, and stress we are going to save you

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The approximate amount of time it will take you to pay off a particular debt will be provided to you by this calculator. It shows you where you stand so you can make any necessary adjustments to get on the right track to financial freedom.

Avalanche

This method of repaying multiple debts prioritizes the repayment of debts with the highest interest rates first, while paying the minimum amounts for each other debt. This continues like an avalanche until every debt is finally paid off for good.

Snowball

This starts with the smallest debt first, regardless of interest rate. As the smaller debts are paid off, payments are directed toward the larger debts. It inspires those who value debt elimination as a progress to pay off their debts.

Best Debt Relief

Consumers struggling to repay debt because they financially do not have the right mentality, their credit score is too low, or they don’t have the means to, find the best debt relief options with us, to salvage and rescue their situations.

What is a Debt Consolidation Calculator?

Debt consolidation calculators will often let you know about the best available deals to consolidate your debts. You are able to compare ways to estimate your savings as you consolidate debt with a consolidation loan.

Debt Repayment options

You will know how long it will take you to pay off your unsecured debts from the displayed results of the Debt Repayment Calculator. It gives you the options of choosing from making the minimum payment, a fixed amount that you came up with, or a time when you would like to be debt-free.

Do the math!


How long will it take you to pay back ?
Look below to learn more



YEARS
7

5

3

1

?
?
?
?
Making Minimum Payments
Personal Loan Consolidation
Credit Counselling
Start New Financial

Making Minimum Payments

YEARS
7

5

3

1

?
?
?
?

Personal Loan Consolidation

YEARS
7

5

3

1

?
?
?
?

Credit Counselling

YEARS
7

5

3

1

?
?
?
?

Start New Financial

YEARS
7

5

3

1

?
?
?
?

Debt Consolidation Program

Monthly Payment

Apr %

Total Payback

Duration

Making Minimum Payments

$900

14.4%

0000

55 Months

Personal Loan Consolidation

00

00

00

00

Credit Counselling

$900

6%

$40,203.80

45 Months

Start New Financial

$450

0.00%

$00

0 Months

Making Minimum Payments

Personal Loan Consolidation

Credit Counseling

Start New Financial

Steps To Consolidate Your Debt

4 Steps To Consolidate Your Debt

Step 1 ? All Your Debt Details Must Be Gathered

You need to know the following for each of your debts/credit type before you consolidate:

  • Payment
  • Balance
  • Interest Rate
  • Annual Fees
  • Prepayment penalties

Step 2 ? Your Options Must Be Explored

It?s time to look at your options for consolidating your debt, now that you know how much debt you?re facing. Putting all your debts together in just one loan with lower interest rates is the objective of a debt consolidation loan, that way you only make one monthly payment to pay for just one loan. You eliminate the high interest debts and don?t have to keep track of multiple debts.

  • Confirm your eligibility for low credit card balance transfer rates.
  • See if you can apply for an unsecured line of credit (ULOC). A credit card and a ULOC are similar in that you are allowed access by the bank to an unsecured line of credit with an agreement that you will repay it with interest in a timely manner.?

Shop around to find the most flexible payoff options with the lowest interest rate. Always look for a debt consolidation program that best fits all your needs and compare quotes from different companies.?

Be sure to select the debt consolidation program that offers the best combo of low fees and low interest rate, compared to your current debts, after you carefully go through them and their fine details and print.

Step 3 ? Apply For Debt Consolidation

Based on the results of your thorough research, apply for the best debt consolidation program available to you. Be certain to budget sufficient time, because your application processing may take anywhere from several days to several weeks.

Step 4 ? Follow Through On Your Commitment

Changing your habits will get you out of debt. You must be more responsible to yourself by sticking to the commitment you make to yourself with your planned solution. You will be able to pay off your loan once you keep up with your payments. The way to getting out of debt sooner is to pay as much as you can afford each month instead of just the required minimum payment.

Disclaimer – Interactive and information calculators are not intended to provide investment advice and are only made available to you as self-help tools for your independent use. In regards to your individual circumstances, Start New Financial does not and cannot guarantee their accuracy or applicability. All examples are for illustrative purposes and are strictly hypothetical. Regarding all your personal finance and legal issues, we encourage you to seek personalized advice from qualified licensed professionals.

CALL START NEW FINANCIAL TODAY TO SPEAK WITH A CERTIFIED DEBT SPECIALIST

?Start New Financial?s debt relief programs are designed to help people regain control of their out-of-control debts and finances while substantially reducing their unsecured debts so they can have peace and save lots of money as they become debt-free ASAP for less than they originally owed.

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Simply fill out the form and one of our credit counseling experts will contact you. Soon, you’ll be on your way to a debt-free life!