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Minimum Payments

The Current Path

The chart below lists the number of years it can take to pay off a credit card balance, based on a 19% interest rate and a minimum monthly payment of 2.1% of the outstanding balance (most creditors require a minimum monthly payment of 2.0%-2.5% of the outstanding balance).

Source: CNN Money

Debt Amount Pay Back

(Including Principle & Interest) How Long Will It Take:

Debt Amount Pay Back
(Including Principle & Interest)
How Long Will It Take
$10,000 $26,276.59 42 yrs 9 mos
$15,000 $55,370.41 48 yrs 11 mos
$20,000 $74,464.22 53 yrs 3 mos
$25,000 $93,557.98 56 yrs 7 mos
$30,000 $112,651.77 59 yrs 4 mos
$35,000 $131,745.58 61 yrs 8 mos
$40,000 $150,839.39 63 yrs 9 mos
$45,000 $169,933.22 65 yrs 6 mos
$50,000 $189,027.02 67 yrs 1 mos
$60,000 $227,214.61 69 yrs 10 mos
$70,000 $265,402.22 72 yrs 2 mos
$80,000 $303,589.81 74 yrs 2 mos
$90,000 $341,777.43 76 yrs
$100,000 $379,965.06 77 yrs 7 mos
$110,000 $418,152.62 79 yrs
$120,000 $456,340.27 80 yrs 4 mos
$130,000 $494,527.82 81 yrs 6 mos
$140,000 $532,712.48 82 yrs 8 mos
$150,000 $570,903.04 83 yrs 8 mos

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