Skip to Content

pay down debt Calculator


If you have a surplus at the end of the month, you are probably wondering if you should spend this extra money, save it for the future, or use it to pay off credit card debts. If after analyzing your current situation using this financial calculator, you are still unsure about how to best make your money work for you, it’s time to do more research.

As the average amount of consumer debt climbs, American Consumer Credit Counseling's recent poll found that 83 percent of respondents opt to pay off debts rather than invest in a savings account. The poll also found that 58 percent of respondents don’t regularly contribute to a savings account. For a full breakdown of the results and more information about paying off credit card debt versus saving for the future, check out the infographic here.

American Consumer Credit Counseling (ACCC) offers consumer credit solutions ranging from debt counseling and debt consolidation relief, to pre-bankruptcy counseling and post-bankruptcy debtor education. If you are seeking debt consolidation options, ACCC offers a simple and effective consolidation program that's more prudent and beneficial than a debt settlement solution or taking out loans for debt consolidation. For personalized credit counseling advice and to learn about the best way to consolidate debt, contact an ACCC credit advisor today.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member