Debt Reduction Plan

Editor Debt-Credit Consolidation October 28, 2024

Debt Reduction Plan
Item	Amount Owed	Yearly Interest Rate	Minimum Monthly Payment*	Additional Payment	Payment Plan and Pay-off Dates
				150	3 months	7 months	17 months	26 months	38 months
Credit Card 1	372	18.0%	7	157	Paid!
Credit Card 2	550	0.0%	11	11	168	Paid!
Credit Card 3	1,980	19.0%	40	40	40	208	Paid!
Credit Card 4	2,369	16.9%	47	47	47	47	255	Paid!
Credit Card 5	7,200	6.9%	144	144	144	144	144	399	Paid!
Total	12,471		249	399	399	399	399	399	0	0	0
DIRECTIONS:			* Calculated based on 2%			NOTE:
Enter values into yellow boxes.			of amount owed. Type in			Because payments do not evenly pay off balance, there is a portion of the
Once all values are entered,			real value if it is different			standard payment leftover from the last payment.  This partial payment can
pay-off dates will be correct.			than what is shown.			either be rolled into the next debt’s payment or used to celebrate a paid-off debt!
FYI:
Total Owed	12,471
Total Paid	15,178