Consumer Education

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.

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Use our online tool to get your custom financial solution in minutes! It's free and there's no obligation. Or, call one of our certified credit counselors at the toll free number above.

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If you have a question about your account with InCharge Debt Solutions, please call 1-800-801-8152 or click the Client Login button below to submit an online contact.