Free Bankrate Debt Reduction Calculator
Hello-
Here’s a free debt reduction calculator from the folks at Bankrate.com I don’t really like this one other than the fact that the page is plastered with ads for credit card offers and other financial offers.
http://www.bankrate.com/calculators/credit-cards/credit-card-payoff-calculator.aspx
Another reason I do not like this calculator is that it only lets you do one amount of credit card debt and only one interest rate.
So if you have 5 different credit cards with 5 different interest rates this debt calculator will not be so helpful.
But if you are fortunate to only have one credit card and one interest rate then this would be the best calculator you can use 
)
I’m all for awareness of your debts and what it will take to pay off what you owe, but I would recommend you check out the other calculators reviewed on this site to give you a more customized analysis based on your personal situation.
Bankrate is a good site with lots of useful financial information but there are better financial calculators out there than the one they offer.
You can read the articles on the site about how to pay off your credit card debts and manage your money better but you don’t need to visit a site that has ads all over the place. You want to get away from the temptation of using your credit cards not put yourself right smack into a page that is filled with them.
Thanks for reading,
-A
