| Below is a list of typical results that lead to
debt consolidation. Debt consolidation is used to lower your monthly
payment as well as your time of payment, which results in a lower total
payout due to debt consolidation.
Typical Results: Debt Consolidation (before & after
charts).
| Current
Balance |
Creditor |
Min
Payment Due |
Interest
Payment |
Principal
Paid |
Total
Payout |
| $1,096.12 |
MBNA |
$51.00 |
$16.44 |
$34.56 |
$2,564.92 |
| $2,450.22 |
CitiBank |
$49.00 |
$36.75 |
$12.25 |
$5,733.51 |
| $13,789.15 |
Discover |
$275.00 |
$202.33 |
$72.67 |
$32,266.61 |
| $3,504.57 |
First USA |
$70.00 |
$52.56 |
$17.44 |
$8,200.69 |
| $1,843.71 |
Chase |
$56.00 |
$27.65 |
$28.35 |
$4,314.28 |
| $5,845.90 |
Capital One |
$94.00 |
$87.67 |
$6.33 |
$13,679.41 |
| Tired
of Paying Bills? |
| $28,529.67 |
|
$595.00 |
$423.40 |
$171.60 |
$66,759.43 |
Summary
of savings after Debt Consolidation |
|
| |
Monthly
Payout |
#
of Months |
Total
Payout |
| Current
Program |
$595.00 |
121 |
$66,759.43 |
| Proposed
Program |
$380.00 |
100 |
$28,000.00 |
| Savings |
$215.00 |
12 |
$28,759.43 |
|
