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Written by Jamie Simpson
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Last Updated March 18, 2009 |
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The Federal Trade Commission nanounces it has posted a calculator online which allows consumers to estimate the payoff period for credit card debt. The application was designed by the Federal Reserve Board, and is provided as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Consumers can find the calculator at http://www.ftc.gov/creditcardcalculator.
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