Why this site exists
Most debt calculators fall into one of two camps. Either they’re free but make you hand over your email before you see a single number, or they come from a company that also sells debt consolidation loans or settlement services, which makes it hard to trust that the “best” strategy they’re recommending isn’t just the one that benefits them.
We wanted something simpler: a calculator that shows you real numbers immediately, explains the math behind them in plain English, and doesn’t try to sell you anything in the process. That’s what Calculate My Debt is.
Who writes this
Calculate My Debt is written and maintained by an editorial team, not a single named expert. That’s a deliberate choice. Debt and personal finance content gets read by people making real decisions with real money, and we’d rather be transparent about how we work than invent a credentialed persona to sound more authoritative than we are.
Here’s what we actually do:
- Every calculator is built to run standard, verifiable amortization math, the same math a financial advisor or a bank would use.
- Every statistic we publish is checked against its original source (agencies like the Consumer Financial Protection Bureau, the Federal Reserve, and the National Foundation for Credit Counseling) before it goes on the page.
- Every article is reviewed for accuracy before it publishes, and updated when the underlying data changes.
You can read more about exactly how we work, and what we won’t do, on our Disclaimer page.
What you’ll find here
- Free calculators for comparing debt payoff strategies (debt snowball vs. debt avalanche), seeing how extra payments change your timeline, and understanding what a debt actually costs you in interest over time.
- Plain English guides on paying off credit cards, understanding consolidation and settlement, and the mechanics of interest and amortization, written for someone who wants a straight answer, not a lecture.
What we’re not
We’re not a law firm, a licensed financial advisory practice, or a credit counseling agency. We don’t give individualized financial or legal advice, and we’re not able to tell you what you personally should do, since that depends on things about your situation we simply can’t see. If you want that kind of personalized guidance, a certified counselor through the National Foundation for Credit Counseling is a solid, low-cost place to start.
Get in touch
Questions, corrections, or feedback on something we got wrong, we want to hear about it. Reach us via the contact form.