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Do Nothing About your Debt

When you are in a struggle to make minimum payments on your unsecured debt, you must look at all your options to determine which option is going to free up your cash flow problem.

 
Debt Amount
Pay Back
(Including Principle & Interest)
How Long Will It Take
 
  $10,000 $26,276.59 42 yrs 9 mos  
  $15,000 $55,370.41 48 yrs 11 mos  
  $20,000 $74,464.22 53 yrs 3 mos  
  $25,000 $93,557.98 56 yrs 7 mos  
  $30,000 $112,651.77 59 yrs 4 mos  
  $35,000 $131,745.58 61 yrs 8 mos  
  $40,000 $150,839.39 63 yrs 9 mos  
  $45,000 $169,933.22 65 yrs 6 mos  
  $50,000 $189,027.02 67 yrs 1 mos  
  $60,000 $227,214.61 69 yrs 10 mos  
  $70,000 $265,402.22 72 yrs 2 mos  
  $80,000 $303,589.81 74 yrs 2 mos  
  $90,000 $341,777.43 76 yrs  
  $100,000 $379,965.06 77 yrs 7 mos  
  $110,000 $418,152.62 79 yrs  
  $120,000 $456,340.27 80 yrs 4 mos  
  $130,000 $494,527.82 81 yrs 6 mos  
  $140,000 $532,712.48 82 yrs 8 mos  
  $150,000 $570,903.04 83 yrs 8 mos  
   

Number of years to pay off a credit card balance based on 19% interest and a minimum monthly of 2.1% of the outstanding balance. Most cards require a minimum monthly payment between 2.0% and 2.4% of the outstanding balance.
Source: CNN Money



 
California Chamber of Commerce Member 2007 tasc
The Debt Settlement Company is a member of (TASC)
The Association of Settlement Companies.
This trade association has developed a standardized
industry disclosure
for consumers.