Debt Calculator FAQ – Answers to your Debt Payment Questions

At Debt Free Calculator, we want to make debt repayment as clear and simple as possible. Here are answers to some of the most common questions we get about using our debt payoff calculator. If you don’t see your question here, feel free to contact us—we’re happy to help!

How do I find my interest rate?
Your interest rate (APR) is usually listed on your credit card or loan statement. If you’re unsure, check with your lender—they’re required to provide this information. You can also look for it in your online account or call customer service.

What if I can’t afford my monthly payment?
If the monthly payment you entered shows a long payoff timeline, try adjusting your budget to pay a bit more each month. Even an extra £20 can make a difference. Our calculator lets you experiment with different payment amounts to see how they affect your timeline.

Can I use the calculator for multiple debts?
Right now, our calculator is designed for a single debt, but we’re working on a feature to let you track multiple debts at once. Stay tuned for updates, or contact us if you’d like to be notified when this feature is ready.

Is my data safe?
Absolutely. We don’t store any personal information when you use our calculator—it’s completely anonymous. For more details, check out our Privacy Policy.

How accurate is the calculator?
Our calculator uses a precise amortization method to ensure accuracy down to the penny. For example, if you input £10,000 at 10% interest with a £500 monthly payment, you’ll see it takes 22 months and costs £984.88 in interest. We built this tool because we needed accuracy ourselves, and we want you to trust the results.