Debt Consolidation

Credit Card Debt
Worksheet
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Installment Debt
Worksheet
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Consolidation Loan
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Existing Debt
Consolidation Loan
Total Cost of Loan
Existing Debts Consolidation Loan
APR
Monthly Payment
Time to payoff
Total Payments
Total Interest
Credit Card Debt Worksheet
Card Balance
Interest Rate
Monthly Payment
Pay Off Percent
Card 1
Card 2
Card 3
Card 4
Card 5
Card 6
Total
Installment Debt Worksheet
Loan Balance
Interest Rate
Monthly Payment
Pay Off Percent
Loan 1
Loan 2
Loan 3
Loan 4
Loan 5
Loan 6
Total
Debt consolidation loans allow consumers to transfer the account balances from multiple credit cards or installment loans into a single loan and to make a single monthly payment. For debt consolidation loans to be beneficial, the repayment period for paying off the consolidation loan should be shorter than what it would be for your existing debts without the loan. Secondly, the interest that you pay over the repayment period should be less than what you would pay with your existing repayment terms. In some cases, a debt consolidation loan may look attractive because it has a significantly lower monthly payment than what you are paying today, but it is likely the case that the lower payment is due to extending the repayment of the loan over a much longer repayment period.
The accuracy of this calculator is not guaranteed by First Citizens Bank [or its affiliates] and is intended for informational purposes only. The calculator displayed does not constitute the advice of, or reflect actual products, services, rates and/or terms available from First Citizens Bank [or its affiliates] and nothing contained in the calculator shall constitute an offer or solicitation of a product or service by First Citizens Bank [or its affiliates].