Everyone knows how to use payment calculators. In fact, most people can figure the formula out on a simple calculator bought from the dollar store. These calculators have been replaced by the cell phone in many cases, but advances in technology do not change the math available. A paymentbot is a specific piece of software designed to help people figure out how much they will pay on car loans, home loans, and on credit card balances. It does all of the math for the individual, provided he supplies a few simple numbers. Even if a person can do it on his own, he may find the paymentbot a useful tool because of current business practices.
If someone wants to know if he can make the payment on a mortgage or a car loan, he can use the paymentbot to get the amount. If he has a specific lender in mind, he can use that software. If he just needs to get a general figure so he can plan or postpone his purchases accordingly, a number of different tools are available to help the cautious consumer. The unwary consumer may want to pay attention to their predictions as well.