Credit Card and Other Debt
Average Interest Rate

 Thinking of obtaining a low interest credit card and paying off other credit card debt to reduce finance charges? Then you will need to know the average interest rate that you are paying now. Once you know the average interest rate then you can make an intelligent decision as to weather you should apply for a low interest credit card or a regular fixed term loan.

Credit Card and Loan Average Interest Rate

Compute the average combined interest rate you are paying on up to fifteen of your outstanding debts. This can be very helpful when deciding whether or not to move the balances of several credit cards to another card or to another form of debt (loans, etc.).

For each debt, enter the description in column #1, the principal owed in column #2 and the Annual interest rate in column #3. Leave the fields in column #4 blank as they will be filled in for you once you click on the "Compute Results" button.

Debt
Description
Principal
Balance
Annual
Interest
Rate
Interest
Cost this
Month
Total Principal: Total Int. Cost
This Month:
Avg Interest Rate:

Do you manage your credit card debt?

Credit cards must be managed carefully. Most people who have financial problems get there because of credit card debt. If you are looking for a low interest credit card that means you already are feeling the pinch, but you are somehow managing. Then you should take decisive steps while you still have a good credit score, make a plan and stick with it.

Start by applying for a low interest credit card.   

 

 

 

 

 

 

 

 

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