If you're only paying the minimum on your credit cards you could be in debt for decades


By consolidating debt through our non-profit program, our typical clients:


Reduce their interest rates by 64%

Save 25% on their monthly credit card payments

Pay off their credit card debt in full in just 50 months

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Cambridge is the simple, safe way out of debt

We've been getting people out of debt for over 20 years. Talk to a certified counselor to see how we can help you, too!

What we do?

Cambridge is a non-profit credit counseling agency. We'll consolidate your credit card payments into one simple monthly payment. All you have to do is make one payment every month and we'll send payments to each of your credit card accounts. We have established relationships with nearly every credit card issuer, so when you consolidate your credit cards with us, you'll be eligible for certain benefits, helping you get out of debt in a very short time period.

Why choose us?

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Calculate your repayment time

This credit card payoff calculator is a great tool to use if you’re looking to determine how long it will take you to pay off your credit cards at the interest rates you’re currently being charged. Another great thing about this calculator is that once you see how long it will take you at your current rate, you can then take a look at how long it will take you to pay off your balances if you had a reduced interest rate.

Credit Card Payoff Calculator
Free credit card payoff calculator by Bankrate.com


How you should use this calculator

When you’re using this credit card payoff calculator, it’s important that you enter accurate information in order to get a realistic forecast. However, even if you don’t have precise information, this calculator will still give you an idea of what a reduction in your interest rates will do for your payoff time. For example, consumers who contact our agency have an average interest rate of 22%. Our clients, on the other hand, enjoy interest rate reductions down to an average of just 8%!

Here’s an example: If you have a balance on one of your credit cards of $4,000 with a 22% interest rate, but you’re only able to afford the minimum payment of $85.00, for example, it will take you 10 years and 8 months to pay off this balance. On the other hand, let’s say the interest rate was only 8% on that same balance (the average interest rate a Cambridge client pays); by making a payment of $85 per month, it will now only take you 5 years to pay off that same balance!

That’s not all. At a 22% interest rate, you’ll pay approximately $6,395 in interest during that decade. However, at an 8% interest rate on the same balance, you’ll pay only $865 in interest over just 5 years, saving you a total of $5,528! It’s easy to see the incredible amount of time and money you could save through our program.




Call us today! (888) 569-6704

What our clients are saying...

Here are some of our recent client testimonials. Visit ConsumerAffairs.com to read more!

Frequently asked questions

Here are some of the most frequently asked questions about our program. For additional information, please call us at (888) 569-6704

Do you charge fees for your debt management services?

At no cost to you, our counselors provide a thorough budget analysis and evaluation to determine the advice needed for your situation. After we complete that full financial assessment and go over all your options, if you decide that a debt management program is right for you, we'll send you a full breakdown going over any fee you'd be charged, if any, and what you would be saving by using a DMP. If you choose to become a client, your fees will be based on the rules and regulations set by your state. And although our initial and monthly fees are capped at $75 and $50 respectively, our average initial fee is just $40.00, and the average monthly fee is only $25.22.

What types of bills can I include on your program?

Debt Management programs (DMPs) traditionally assist individuals with credit cards, personal loans, past-due utilities for old/inactive accounts, student loans, collection accounts, lines of credit, payday loans, and medical bills.

Is joining a debt management plan the same as filing for bankruptcy?

Bankruptcy is a legal proceeding that individuals and corporations use to discharge many types of debt. Not all types of debt can be discharged, and individual states have their own rules. For more information on filing for bankruptcy, we recommend that you seek the advice of a reputable local bankruptcy attorney. They're usually listed separately in the yellow pages. We are a credit counseling service, here to give you advice and education to help you improve your financial situation and avoid bankruptcy, if reasonably possible.

How will Cambridge's program affect my credit rating?

According to FICO, the recognized authority in the credit scoring business, participation in a DMP is not a factor in your credit score; it is considered a neutral mark. Some creditors will report your participation to the credit bureaus after your accounts are closed, and there are still some lenders out there who will view this negatively, even though you're taking control and dealing with your situation. When you close the accounts enrolled in a debt management program, your credit scores will be reduced, though by how much it is impossible for us to calculate. The reduction is entirely dependent on the material in your credit report at that moment. Please bear in mind that, whether you're in our program or not, it's always recommended that you pay your bills on time as well as pay down your debt.