Have you ever wondered how long it might take you to pay off your debts? Maybe you owe money on credit cards, have a mortgage on the family home or other loans?
If you are looking to clear these debts or want to get a monthly plan in place, help is at hand from Natwest. The bank, which is running a campaign to make banking fairer, has produced a debt calculator’.
I’ve had a good play around with this tool and it is fascinating. Dare I say it, it’s actually quite good fun.
You can enter in any debts you might have, be it on credit cards, loans to family and friends and so on. You can also enter your desired repayment period.
Simply hit return and the calculator will tell you what you owe and how long you will need to pay it back. It really is that simple.
You will find the calculator here. It joins a list of other tools the Natwest is offering savers, such as a budgeting calculator.