Kaip apskaičiuoti Debt Consolidation

Kas yra Debt Consolidation?

Debt consolidation combines multiple debts into a single loan, ideally at a lower interest rate. It simplifies payments and can reduce total interest paid. However, extending the repayment term can sometimes increase total interest even at a lower rate.

Žingsnis po žingsnio vadovas

1. 1Sum all debt balances to find the consolidation loan amount needed
2. 2Compare the new consolidated interest rate to weighted average of current rates
3. 3Calculate new monthly payment using the loan payment formula
4. 4Compare total interest paid: consolidated vs current debts

Worked Examples