What is my interest rate if I am paying $170/month interest on $23k debt?

Answers:2   |   LastUpdateAt:2012-09-10 06:25:02  

Question
chen yeng
Asked at 2012-08-19 22:33:02
this is for my credit card debt . MedlinePlus MedlinePlus Would it make sense to get a consolidation loan ? What is your APR ?
Answer1SharriAnswered at 2012-09-05 06:35:04
It is the interest of $ 2,040.00 per year . MedlinePlus Operates at a simple rate of around 9% . MedlinePlus However, that's not accurate because principal payments reduce the beginning of each month , increasing the interest rate at first landlord each month . MedlinePlus MedlinePlus I think you need to have a period in months to be exact . MedlinePlus MedlinePlus The card agreement must show the interest rate . You can access that line. MedlinePlus MedlinePlus Maybe you can introduce a term provided for an amortization schedule to pay. You may have to use a kind of trial and error to make any sense . MedlinePlus MedlinePlus There is a table here can be used in Excel . You can use as is or save it, if you have Excel . MedlinePlus MedlinePlus http://www.score.org/template_gallery.ht
Answer2Jennifer LewisAnswered at 2012-09-10 06:25:02
You have a credit card debt , and you wan to pay as quickly as possible . Let's assume you are going to stop creating more debt . He has changed his ways. You also understand that paying credit card < - balances with a consolidation loan or rolling on a mortgage is not paying off well . In fact , paying a lower interest rate , but the debt for years , usually means paying more, not less.Okay , so you really want to get rid of credit card debt . MedlinePlus MedlinePlus MedlinePlus http://bestcreditcards.freehostia.com/Credit_Card_Debt.html MedlinePlus First, you have to understand that not all debt is the same . Of course I know . Some of your cards have a higher interest rate than others.Find budget and start paying money balances . If you order pizza every week, for example , it is possible that spending $ 60 or $ 80 a month right there - > If you are serious about getting debts paid , you may have to eat four U.S. dollars frozen pizzas for now . Do what you have to do , and determine the amount that can be applied to the debt each month .
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