TUNTON Private credit · Monterrey
ESEN
Contact
ESEN
Tool

Pay off your credit card

Enter your balance, your card's rate and what you can pay each month: you'll see how many months it will take and how much interest you'll pay.

Editable example; check your statement (before IVA).
Time to pay off
—
Paying that fixed amount each month, with no new purchases
Total interest—
Total paid—
Each peso of debt costs you—

Assumptions & method

  • Month-by-month simulation with interest on the balance (annual rate ÷ 12) and a fixed payment, with no new purchases.
  • The rate excludes IVA; in Mexico card interest is subject to IVA (16%), so the real cost is higher than shown.
  • If your payment doesn't cover the month's interest, the debt grows: the calculator warns you.
  • Paying only the minimum stretches the debt for years; any amount above the minimum shortens the payoff time non-linearly.
FAQ

The essentials, in brief

Why does it take so long paying the minimum?
Because the minimum payment barely covers interest plus a small slice of principal. With typical Mexican card rates, a balance can take many years to pay off with the minimum alone. Raise the fixed payment and compare the effect here.
Should I move my card debt to a secured loan?
It is usually the right trade: a loan backed by an asset costs far less than a card. The risk is that the collateral answers for the debt if you don't pay: only do it with a monthly payment you can truly sustain.
Does the calculator account for new purchases?
No. It models the scenario of 'freezing' the card and only paying it down. If you keep spending, the real payoff time will be longer.
Next step

Tell us about your deal

Tell us how much you need and what collateral you can offer. We’ll tell you frankly whether it’s viable and how we’d structure it.

Request via WhatsApp →