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FAQ #40939

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Is there a good resource to see how long it will take to pay off my credit card balance?

Related resource areas: Personal Finance, Financial Crisis


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Yes. The Federal Reserve has an online Credit Card Repayment calculator at www.federalreserve.gov/creditcardcalculator/. Based on information that users provide about their credit card balance and annual percentage rate (APR), the calculator will indicate the amount of time that it will take to pay off the balance and the interest charges that will be paid during that amount of time.

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