Debt Consolidation Calculator

This is a general purpose Debt Consolidation Calculator. It was designed so that people could compare the 3 most important points to think about when considering debt consolidation; “Repayments”, “Total Payments” and “Time to pay it off”.

Debt Consolidation Repayments

Most people associate lower payments with consolidating your debt this will enable you to determine exactly how low the repayments will be. In some instances your repayments might increase.

Debt Consolidation Total Payments

The biggest danger with debt consolidation is turning short term debts into long term debts. If you consolidate a personal loan into a home loan you will increase the term by up to 23 years resulting in you repaying much more. With the cacluator you will be able to identify what your total payments will be.

Debt Consolidation Time to Debt Free

It’s important to determine exactly how long you will be repaying the debt for. Will you be able to maintain the repayments for that long?