Menu Show Menu Show Menu
HomeOur ListingsLand ListingsCommercial ListingsSearch MLS ListingsDream Home FinderYour Home's ValueAbout UsBuyer ReportsSeller ReportsMortgage CenterGet Pre-QualifiedSchool SearchLocal and State InfoTell A FriendWhy use a REALTOR®?Real Estate GlossaryMy ProfileContact Office
County Line Realty
532 E. Main Street
Bullard, TX 75757
Phone: (903)894-8141
Fax: (903) 894-8269
GRI stands for Graduate REALTORS® Institute. The GRI designation acknowledges REALTORS® who have completed a comprehensive education program that provides practical real estate training. This program is above and beyond the education required to earn a real estate license.An arrangement by which real estate brokers place their listings together so that all members of the multiple-listing service have an opportunity to sell properties listed by other members of the service.A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION of REALTORS® (USA) or the Canadian Real Estate Association (Canada). The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.Hold mouse over logo for description.

We LOVE East Texas! Let us help you with your real estate needs. 

Logo for

Logo for

Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

Paying off Credit Card Debt with Minimum Payments

Input Information
Credit Card Balance and Annual Interest Rate
Current Card Balance : ($)
Annual Interest Rate : (%)
Minimum Payment Requirement from the Most Recent Statement
Current Minimum Payment : ($)
Fixed Payment You Can Afford To Pay Every Month
Fixed Payment Amount : ($)
Financial Analysis (Switch to Plain English)
  Minimum Pmts. Fixed Pmts.
Total Payments : $19,081.83 $13,030.01
Payoff Timeline : 18 Years 5 Months 3 Years 2 Months
Time Saved : 15 Years 3 Months
Total Interests Paid : $9,081.83 $3,030.01
Interest Savings : $6,051.82
Plain English Help (Switch to Financial Analysis)

Credit card minimum payments may seem convenient on the surface, but only making the minimum payment each month can be quite costly – and, it can take you several years to finally get your credit card paid off.

Let’s say you have a $10,000.00 balance on a credit card with a 17.500% APR. If your minimum payment is $300.00 and that is all you pay each month, it will take you 18 year(s) and 5 month(s) to finally get that card paid off (assuming you don’t add anymore debt to the balance). You will have also paid $6,051.82 in interest alone.

If you send a fixed $350.00 payment, on the other hand, this extra money will make it possible for you to pay off that same balance in just 3 year(s) and 2 month(s) – that is 15 year(s) and 3 month(s) sooner than if you paid just the minimum payment. You will also only pay $3,030.01 in interest, saving you $6,051.82.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.