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A Quick Word from Terry, Mike and Dug:

During this time of uncertainty and sheltering-in-place, we will continue to have at least one person in-office daily until at least 1:00 PM PDT to meet the needs of you, our clients.  Alternate servicing procedures are also in place so direct face to face contact can be minimized.  If you must leave a voice message or contact us by email, know we will get back with you as quickly as possible.We are here to serve your needs despite this situation. From everyone at Laguna Financial Services 

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Credit-Card Debt

How Long Will It Take to Pay My Balance?

If you have accumulated credit-card debt, you can use this calculator to estimate how long it could take you to pay off that debt based on your payment amount.


  • No additional charges are added to the balance.
  • 12 equal billing cycles per year.
Skip Table Information
Your Results
Description Amount
My current credit card balance: $0.00
The annual percentage interest rate on your card: 0%
The minimum amount required to pay only the interest: $0.00
Each month you plan to pay: $0.00
At that payment, the time required to pay off your balance: 0 years
You will pay total interest of: $0

This chart shows the number of years it would take you to pay off your balance based on the information you provided. You can substantially reduce the time needed to pay off your debt and your total interest paid by increasing monthly payments. If you feel your credit card interest rate is too high, you may want to consider whether you can transfer your balance to a lower-interest card.

Credit Card Balance Over Time