| 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 | ||||||||||
Debt Reduction Plan
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