It may seem like an unlikely thing for a central bank to do — after all, they primarily deal with high-level banking and monetary concerns, not problems facing individuals — but the Fed is making an effort to speak directly to U.S. consumers through its website. Their Consumer Information page contains a number of tips and resources to help people avoid foreclosure, manage their credit score, and avoid identity theft.
The Fed’s website also has a handy credit card repayment calculator, which can break down how long it will take to pay off a card using minimum payments or a certain amount per month. It can also tell you much you’d have to pay per month to have the debt paid off within a certain timeframe.
(h/t Lifehacker)
