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Weighted Average Interest Rate Update  Form

Weighted Average Interest Rate Update Form

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Instructions and help about Weighted Average Interest Rate Update

I'm going to walk you through how to figure out what your average interest rate is across several different debts or credit cards but first I want to explain why that could be important for you to know when you are working on paying off your debt it's important for you to understand what the money is really costing you if you know what your overall average interest rate is you can better evaluate whether a balanced transfer credit card or a debt consolidation loan could help you accelerate your effort to get out of debt if those offers aren't significantly dropping your average interest rate it might not be worth doing you might be better off just paying off your debts in place when you are calculating your average interest rate you are waiting the loans that are bigger because more of your debt is being influenced by that credit card's interest rate for that reason I find it intuitive to begin by determining what percentage each loan is of your total de

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