Cleveland, OH (PRWEB) March 1, 2006
Knowing that escaping debt is easier when you have a clear plan, IndexCreditCards.com has announced the addition of four new credit card calculators to its Web site at http://www.IndexCreditCards.com. Designed to help consumers better understand their debt situations and to create workable budgets for paying down debt, the calculators allow consumers to:
1. Set a goal for debt payoff and discover the monthly payment amount necessary to reach that goal.
2. Discover how long it takes to erase a debt given a particular monthly payment.
3. Calculate potential savings with a credit card offering lower interest rates than consumers’ current cards.
4. Clearly see how much they are losing in interest payments when they revolve credit card balances.
The credit card calculators can be reached directly at http://www.IndexCreditCards.com/creditcardcalculators/.
“Escaping from credit card debt can seem overwhelming,” says Justin McHenry, Research Director for IndexCreditCards.com. “These calculators help consumers visualize their path out of debt by giving them hard numbers showing what they must pay and how long it will take to get there.”
IndexCreditCards.com offers credit card news, research, calculators, and perhaps the most comprehensive index of credit cards available on the Internet today, with a master listing of over 800 credit cards as well as categorized lists based on interest rates, reward programs, business credit cards, student credit cards and credit cards for those with poor credit histories.
Information provided in this release may be reproduced free of charge, provided credit is given to http://www.IndexCreditCards.com.
CONTACT: Justin McHenry, 216.221.0312