Why does it say my balance never pays off?
If your monthly payment is less than the monthly interest, the balance grows instead of shrinking. Increase the payment above the monthly interest to make progress.
Debt payoff
Debt payoff calculator
See how long it takes to clear a debt and how much interest you'll pay — then try a higher payment to see the difference.
Time to pay off
3 yr
Total interest
$2,648
How the debt payoff calculator works
01
Enter your current balance, the APR, and how much you pay each month.
02
We calculate how many months it takes for those payments to clear the balance.
03
See the total interest — then raise the payment to watch the payoff time and interest drop.
Debt payoff FAQ
Does this assume I stop using the card?
Yes — it assumes no new charges and a fixed monthly payment. New spending will extend the payoff time.
Can NOVOX track my debt payoff?
Yes. NOVOX tracks loans and credit lines as liabilities, so you can watch balances fall as part of your overall net worth.
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