Credit Card Compare Launches New Credit Card Calculator for Australians

Credit Card Compare ( http://www.creditcardcompare.com.au ) has launched a new credit card debt calculator on its website to help Australian consumers battle debt and choose the most suitable credit cards from major banks and lenders.

Based on the information a visitor inserts, the credit card debt calculator will show how long it will take to pay off the credit card debt. The tool lets visitors see what happens if they change their monthly repayments. Better still, if a visitor sets a deadline for clearing their credit card debt, the tool will calculate the required repayment each month.

Credit Card Compare executive David Boyd is leading the development of the web site and says, "Many working Aussie's are going online to compare credit cards and use personal finance tools. This new credit card debt calculator is a simple yet easy-to-use tool which will help Aussie's get a handle on their finances."

Credit cards have become a major part of everyday Australian spending habits with a total value of over $18 billion in credit card transactions in any single month. The average Australian household has over $3000 credit card debt.