Debt Rolldown Calculator
The Credit Card Rolldown Calculator applies two simple principles to paying off
your credit card debt.
1. Payoff the card with the highest interest rate first.
2. When a card balance is paid in full, apply the money you would have used for
that card to the one with the next-highest interest rate.
To see how this strategy can be applied to help you reduce your credit card debt,
enter your credit card balances along with an additional Rolldown amount. The calculator
will automatically apply your additional monthly payment to the credit card with
the highest rate. When that credit card is paid in full, the card with the next
highest rate will be paid down. This continues until you have rolled through all
of your credit cards and your debts are paid in full. Click the "View Report" button
for a detailed look at the results.