FreeCreditReportResource.Net Adds New Financial Calculators

    NEVADA CITY, CA, April 22, 2009 /24-7PressRelease/ -- Freecreditreportresource.net, an informational website that provides a free resource for those who wish to learn more about their credit scores and how those scores will affect their various stages of life, has recently added several financial calculators to their site.

Freecreditreportresource.net has recently added another important resource to their site: a "payoff calculator." For those with credit card debt, this free tool can be used to calculate the amount of the monthly payment and the length of time necessary shrink credit card debt. The information needed is current balance, account interest rate, payment amount per month or desired number of months until a zero balance has been achieved.

For those with a mortgage, or who plan on buying a home soon, a calculator is offered that determines the amount of money saved by paying extra on every mortgage payment. Simply input the loan amount, annual interest rate, loan term, beginning date of mortgage, additional payment amount, and number of additional payments per year. The mortgage payment calculator gives a precise figure on the time frame of the pay-off, monthly payment, amount of interest paid at pay-off, and amount of money saved by paying extra.

Freecreditreportresource.net is designed to educate Americans on the subject of credit, credit scores and credit reports. The site offers a number of resources, including articles on the essentials of credit and credit reports, instructional articles on building and repairing credit, and informational articles discussing investing, identity theft, and credit cards. The site's main resource, though, are the free, downloadable, ebooks; Freecreditreportresource.net offers an ebook that is applicable for whatever stage of life you may be in, whether you are a senior in high school or well on your way to retirement and beyond. The free financial planning ebooks discuss in detail building credit, sustaining healthy credit, and financially preparing for the unexpected.

About FreeCreditReportResource

FreeCreditReportResource is a free resource designed to help every day people learn more about their personal finances through educational articles, eBooks and a community forum.

Source: FreeCreditReportResource
Website: http://www.freecreditreportresource.net/

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