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Line of Credit Payoff

When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.

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14y ago

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What is the credit card payoff formula in Excel?

The credit card payoff formula in Excel is: PMT(rate, nper, -balance). This formula calculates the monthly payment needed to pay off a credit card balance in a certain number of months at a given interest rate.


What is the Excel credit card payoff formula for calculating the amount needed to pay off a credit card debt?

The Excel credit card payoff formula is PMT(rate, nper, -balance). This formula calculates the monthly payment needed to pay off a credit card debt within a specific time frame.


Will a credit card company accept a lower payoff for a balance if the account is not past due but closed?

No


How do you get a Credit Acceptance Corp loan payoff online?

iwant to know pay off on my car


Will it help your credit score if you lower your available credit limit?

ABSOLUTELY NOT!! This is VERY important! No one has yet been able to determine exactly what the 'credit scrore equation' is. But it is known that the most important aspect relating to how credit cards affect your credit score is actually, read carefully, "The ratio of total balance to total credit limit." The way I interpret that, it is extremely foolish to lower your available credit line with a credit card that you intend to keep. *more pointers* You should make ALL payments on time. The longer you've held your credit account, the better it will contribute to your score (ie. Payoff and close your NEWER accounts first!) Department store cards should also be a top priority to payoff and close

Related Questions

What is the address to mail Ford Motor Credit auto loan payoff?

What is the mailing address for ford motor credit company? i have a payoff to send in.


Can you get your payoff amount to Toyota Motor Credit?

Yes


Where do you send your overnight payoff to ford motor credit?

If you'd like to send an overnight payoff to Ford Motor Credit, send it to: Lock box 790119 St Louis, Missouri 63101


Ford motor credit payoff phone number?

What my pay off on my expordtoin


What is the credit card payoff formula in Excel?

The credit card payoff formula in Excel is: PMT(rate, nper, -balance). This formula calculates the monthly payment needed to pay off a credit card balance in a certain number of months at a given interest rate.


How can someone qualify for a home equity loan?

Persons can qualify for a home equity line of credit by mainting good credit history, having job income, and managing their indebtedness. Shopping around when you have less than perfect credit can payoff, as different lenders may have less stringent credit history requirements.


What is the Excel credit card payoff formula for calculating the amount needed to pay off a credit card debt?

The Excel credit card payoff formula is PMT(rate, nper, -balance). This formula calculates the monthly payment needed to pay off a credit card debt within a specific time frame.


If a credit card placed a lien on your property and you sold it for payoff do you still have to pay the lien?

Yes.


Will a credit card company accept a lower payoff for a balance if the account is not past due but closed?

No


How do you get a Credit Acceptance Corp loan payoff online?

iwant to know pay off on my car


What does a debt payoff calculator do?

A debt payoff calculator can help you to find out how long it will take to pay of any debt you have. The following website offers an easy to use debt calculator,http://www.bankrate.com/calculators/credit-cards/balance-debt-payoff-calculator.aspx


Will settling for less and paying off a school loan hurt your credit?

It depends on your contract and the terms of the payoff.