This is just the interest that you will be paying!
The true payment total is the value
of the original debt, for example, $20,000 + interest
owed of $29,423.16 = $49,423.16.
This calculator will estimate
the amount of time it will take to pay off a given
debt and the total interest that you will pay between
now and when the debt is paid off. Calculator assumes
payments are 2.5% of balance, or $15, whichever is
greater. The Credit Network provides this debt consolidation
calculator for guidance purposes only.
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