# As Credit Card Debt Tops \$800 Billion, Holiday Shoppers Straddled With Debt Can Find Help

## "Most people have know idea how long it will take to pay off a credit card if they only make the minimum monthly payment," says Michael J. Riley, creator of Credit Card Math.

Most people have no idea how long it will take to pay off a credit card if they only make the minimum monthly payment

According to the Federal Reserve Board’s latest statistics released on November 7, total U.S. credit card debt recently topped the \$800 billion mark. Meanwhile, holiday shoppers are flocking to the stores creating new debt. When the festive excitement of the holiday season has subsided, consumers straddled with debt can find help paying off their credit cards with a simple software tool called Credit Card Math.

While getting out of debt will never be painless, an easy to use downloadable computer program called Credit Card Math from ZilchWorks enables consumers to figure out the most effective yet affordable way to work free of their debt, paying significantly less interest.

"Most people have no idea how long it will take to pay off a credit card if they only make the minimum monthly payment," says Michael J. Riley, creator of Credit Card Math. "For example, a credit card with a balance of \$2,100 at an interest rate of 17.9% with a minimum monthly payment of \$53, will take 15 years and 3 months to pay off. The interest penalty on that credit card is \$2,488, that’s more than the balance. Credit Card Math goes behind the scenes and explains the hidden tricks used by credit card issuers that keep consumers on the debt treadmill."

Since Credit Card Math software was introduced eleven years ago, Riley, a retired U.S. Marine Corps Gunnery Sergeant, has received countless thank-you letters from all over the world. In addition to Credit Card Math , Riley sells a do-it-yourself debt reduction program that helps users develop their own plan for becoming debt-free.

An easy to use program for Windows XP, 2000, NT, ME, 98 and 95, Credit Card Math helps the user understand the most common credit card traps, calculate the best way to manage and pay off multiple credit cards and see the effect over time of adding just \$5 extra to each payment. For more information or to download a free copy of Credit Card Math, visit http://www.zilchworks.com.

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Michael Riley