Worried About Debt?
Understand the numbers before you decide what to do.
Free. Private. No financial products being sold.
Your figures stay private. This calculator works entirely in your browser. The financial figures you enter are not sent to, stored by, or seen by Peaceful Planet.
We are not a lender, broker or debt-transfer service. We will not offer you another credit card, loan or financial product.
Our purpose is simply to help you understand your debt, see how the numbers work and explore your options.
Results are estimates for education and planning, not financial advice.What is Peaceful Planet?
Peaceful Planet works to help people understand their rights, their circumstances and the choices available to them.
We call the growing ability to understand, choose and act, agency.
This calculator is one practical tool for developing that agency in everyday life.
Understand what is happening
What is APR?
APR means Annual Percentage Rate. It is a standard way of expressing the yearly cost of borrowing as a percentage, including interest and certain charges.
What is compound interest?
Interest is added to an amount and future interest is then calculated on the new total. Compound interest works both ways. When you save or invest money, interest can be added to your money and then earn further interest. When you borrow money, interest can be added to what you owe and further interest can then be charged on the growing balance. The same mathematics can help your money grow or make your debt grow.
Why might my statement be different?
This calculator uses APR divided by 12 as an approximate monthly rate. Actual card calculations can also be affected by daily interest, fees, promotional rates, new purchases and individual card terms.
Understanding creates choices
The aim is not to tell you what to do. It is to help you understand what is happening, explore your options and make a more informed decision. Understanding is the first step towards taking greater control.
1. If I keep paying this amount, how long will it take?
2. I want to be debt-free within a certain time
3. My interest has been frozen
If no more interest or charges are being added, find out when the debt will finish.
Important information
This tool is for education and planning and is not financial advice. If you are in financial difficulty, consider seeking free, independent debt advice from an appropriate qualified service.