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Skip a Payment Analysis

Has your credit card issuer or loan holder 'generously' offered to let you skip a payment?   Pretty nice of them! Just maybe you might want to use this calculator to see what it costs you.
Information from Most Recent Statement
Loan Balance This Month:
Minimum Payment Required This Month:
Annual Interest Rate: %
Skipped Loan or processing Fee:
 
 

Example of Letter you might receive.