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What is the difference between a student loan calculator and a debt calculator?
Wiki User
∙ 12y ago
A student loan calculator helps a student calculate their loan payments based on how much they are expected to earn in their new profession. A debt calculator helps a person know how long it will take to pay off all of their debts and become debt free. The amount entered into the calculator will depend on how much the debtor thinks they will be able to pay over a period of time.
Wiki User
∙ 12y ago
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What is the difference between bad debt and good debt?
Good debt refers to investments such as home mortgages or student loans provided you can manage the monthly payments. Bad debt is debt incurred for purchases that you don't need or cannot afford.
Student Loan Consolidation and Debt Payoff Calculator?
Student Loan Consolidation and Debt Payoff CalculatorThe Student Loan Consolidation and Debt Payoff Calculator applies two simple principles to paying off high-interest debt.Consolidate your existing student loansUse your extra cash every month to pay off your higher interest debt soonerWe apply the amount of payment savings you choose to your non-student loan debt with the highest rate. When that balance is paid in full, the balance with the next highest rate will be paid down. This continues until you have rolled through all of your balances and your non-student loan debt is paid in full. Click the "View Report" button for a detailed look at the results.
Can you use a loan payment calculator to help manage your student debt?
You can use a loan calculator to help you figure out your student dept. Also you can do it yourself. Just figure out how much you owe and then how much you have already paid. Then subtract the two and you will get your sum of how much you owe now.
What is the fine line difference between commercial debt and consumer debt?
Consumer debt is governed by the FDCPA....commercial debt is not.
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
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
Where can I find a debt rate calculator online?
Debt ratio calculators are a great way to get out of debt. There are many places online that provide a debt ration calculator. For a free calculator, visit http://hffo.cuna.org/14260/article/316/html.
Where can someone access a trustworthy debt calculator?
You can find a debt calculator here www.realtor.com. You need debt to asset ratio to see if you can afford a loan.
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
Where can one find a debt loan calculator?
There are lots of websites that have debt loan calculators on them. The Money Debt and Credit website has a free calculator on it, as does the Fin Aid website.
For what reasons is a debt to income ratio calculator number used?
A debt to income ratio calculator is used to measure your income against your debt to see if you can afford a loan.
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
