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Total Debt: $10,000.00 Example of payoff options.
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America's Choice Debt Settlement
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Debt Consolidation
60 month plan
11% interest:
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Debt Counseling
60 month plan
9% interest:
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Min Allowed Payments -Do Nothing Plan
18% interest:
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*Total Amt paid:
$5,000.00 |
*Total Amt paid: $13,045.45 |
*Total Amt paid: $15,455.01 |
*Total Amt paid:
$23,370.16 |
Pay Off Time:
36 Month (3yrs) |
Pay Off Time:
60 months (5yrs) |
Pay Off Time:
60 months (5yrs) |
Pay Off Time:
25 years, 3 months |
Total Interest paid:
zero |
Total Interest paid: $3,045.45 |
Total Interest paid: $5,455.01 |
Total Interest paid:
$13,370.16 |
Monthly Payments of
$138.80
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Monthly Payments of $217.42
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Monthly Payments of $257.58
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Minimum Monthly Payments start at $250.00 and decrease monthly to a minimum payment of $20.00 |
| *Assumes 50% Debt Settlement and a 3 year plan. Actual settlement duration and percentages may vary depending on creditors, hardships, and individual circumstances |
*Assumes 5 year Debt Consolidation plan at a fixed 11% interest. Actual consolidation plans may vary.
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*Assumes 5 year Debt Counseling plan at a fixed 9% interest and a $50 monthly service fee. Actual counseling plans may vary.
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*Assumes payments at 2.5% of each month's current balance, down to a $20 Minimum Monthly Payment. Actual values may vary depending on creditors, interest rate, and other factors.
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For details about each of these options, please visit the Compare Your Options page.
Or simply jump over to Free Consultation Request. We'd love to help you.
Total Debt: $10,000.00 Example of payoff options.
|
America's Choice Debt Settlement
|
Debt Consolidation
60 month plan
11% interest:
|
Debt Counseling
60 month plan
9% interest:
|
Min Allowed Payments -Do Nothing Plan
18% interest:
|
*Total Amt paid:
$5,000.00 |
*Total Amt paid: $13,045.45 |
*Total Amt paid: $15,455.01 |
*Total Amt paid:
$23,370.16 |
Pay Off Time:
36 Month (3yrs) |
Pay Off Time:
60 months (5yrs) |
Pay Off Time:
60 months (5yrs) |
Pay Off Time:
25 years, 3 months |
Total Interest paid:
zero |
Total Interest paid: $3,045.45 |
Total Interest paid: $5,455.01 |
Total Interest paid:
$13,370.16 |
Monthly Payments of
$138.80
|
Monthly Payments of $217.42
|
Monthly Payments of $257.58
|
Minimum Monthly Payments start at $250.00 and decrease monthly to a minimum payment of $20.00 |
| *Assumes 50% Debt Settlement and a 3 year plan. Actual settlement duration and percentages may vary depending on creditors, hardships, and individual circumstances |
*Assumes 5 year Debt Consolidation plan at a fixed 11% interest. Actual consolidation plans may vary.
|
*Assumes 5 year Debt Counseling plan at a fixed 9% interest and a $50 monthly service fee. Actual counseling plans may vary.
|
*Assumes payments at 2.5% of each month's current balance, down to a $20 Minimum Monthly Payment. Actual values may vary depending on creditors, interest rate, and other factors.
|
For details about each of these options, please visit the Compare Your Options page.
Or simply jump over to Free Consultation Request. We'd love to help you.
|
Interesting Statistics about American Consumers . . .
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Total US consumer debt (which includes installment debt, but not mortgage debt) reached $2.46 Trillion in June 2007, up from $2.398 Trillion at the end of 2006 (Source: Federal Reserve)
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Total US consumer revolving debt reached $904 Billion in June 2007, up from $879 billion at the end of 2006 (Source: Federal Reserve)
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The median U.S. household income is currently $43,200 and the typical family's credit card balance is now almost 5 percent of their annual income. (Source: Federal Reserve)
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One in six families with credit cards pays only the minimum due every month. (Sources: American Bankers Association, Federal Reserve)
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Of the households that do owe money on credit cards, the median balance was $2,200 -- meaning half owe more, half less. (Source: MSN Money)
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8.3 percent of households owe $9,000 or more on their cards (Source: MSN Money)
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On average, today's consumer has a total of 13 credit obligations on record at a credit bureau. These include credit cards (such as department store charge cards, gas cards or bank cards) and installment loans (auto loans, mortgage loans, student loans, etc.). Not included are savings and checking accounts (typically not reported to a credit bureau). Of these 13 credit obligations, nine are likely to be credit cards and four are likely to be installment loans. (Source: myfico.com)
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51 percent of the US population has at least two credit cards (Source: Center for Media Research)
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Approximately 14 percent of Americans use 50 percent or more of their available credit, and this group carries an average of 6.6 credit cards (Source: Center for Media Research)
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Those utilizing at least 50 percent of their credit lines have an average credit score of 645, compared to the national average of 674 (Source: Center for Media Research)
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Twenty-nine percent of low and middle income households with credit card debt reported that medical expenses contributed to their current balances. (Source: www.demos.org)
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Interesting Statistics about American Consumers . . .
-
Total US consumer debt (which includes installment debt, but not mortgage debt) reached $2.46 Trillion in June 2007, up from $2.398 Trillion at the end of 2006 (Source: Federal Reserve)
-
Total US consumer revolving debt reached $904 Billion in June 2007, up from $879 billion at the end of 2006 (Source: Federal Reserve)
-
The median U.S. household income is currently $43,200 and the typical family's credit card balance is now almost 5 percent of their annual income. (Source: Federal Reserve)
-
One in six families with credit cards pays only the minimum due every month. (Sources: American Bankers Association, Federal Reserve)
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Of the households that do owe money on credit cards, the median balance was $2,200 -- meaning half owe more, half less. (Source: MSN Money)
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8.3 percent of households owe $9,000 or more on their cards (Source: MSN Money)
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On average, today's consumer has a total of 13 credit obligations on record at a credit bureau. These include credit cards (such as department store charge cards, gas cards or bank cards) and installment loans (auto loans, mortgage loans, student loans, etc.). Not included are savings and checking accounts (typically not reported to a credit bureau). Of these 13 credit obligations, nine are likely to be credit cards and four are likely to be installment loans. (Source: myfico.com)
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51 percent of the US population has at least two credit cards (Source: Center for Media Research)
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Approximately 14 percent of Americans use 50 percent or more of their available credit, and this group carries an average of 6.6 credit cards (Source: Center for Media Research)
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Those utilizing at least 50 percent of their credit lines have an average credit score of 645, compared to the national average of 674 (Source: Center for Media Research)
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Twenty-nine percent of low and middle income households with credit card debt reported that medical expenses contributed to their current balances. (Source: www.demos.org)
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