Debt Consolidation
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Sample Payment and Savings Schedule

The first chart shows how much the typical consumer might pay before entering our debt consolidation payment plan. Take note of the beginning balance and the total amount paid. In some cases, depending upon your payment habits, the total amount paid can exceed the beginning balance by 3-4 times.

Typical Payment Schedule

 Creditor

 Beg. Balance

 Total Payment

 No. of Payments

Citibank

 $2,100.00

 $4,104.68

149

Chase

 $3,500.00

$7,069.36

185

Discover

 $2,700.00

 $5,375.24

166

Macy

 $3,100.00

 $6,222.32

187

MBNA

 $3,600.00

 $7,281.55

 187

Totals

 $15,00.00

 $30,053.13

 


The chart below shows an example of the savings one might get after entering our debt consolidation program.

Example of Estimated Savings

 Creditor

New Plan

No. of Payments

Savings

Citibank

 $2,429.68

44

$1,674.98

Chase

$4,136.40

45

$2,932.96

Discover

$3,248.55

45

$2,126.69

Macy

$3,100.00

38

$3,122.32

MBNA

$4,348.38

46

$2,933.17

Totals

 $17,263.01

 

$12,790.12


In this example you would have saved $12,790.12, a 42.5% savings- money that stays in your pockets not the creditors. This and much more can be accomplished through our debt consolidation payment plan. Try out our simplified online application for your free quote and see how much we can save you.

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