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  • Determining Payments - Sample: Outlining A Plan of Attack

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    Marie Lipford
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    This document outlines a plan to determine payments for various creditors. It lists 5 creditors with their current balances, minimum payments, monthly finance charges, and proposed new minimum payment amounts under different scenarios. The total balance owed across all 5 creditors is $16,140 and the total minimum payment is $495. Different scenarios are proposed that would increase the minimum payments to either $500, $600, $650, or $700.

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    Cascade Method Sample

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    This document outlines a plan to determine payments for various creditors. It lists 5 creditors with their current balances, minimum payments, monthly finance charges, and proposed new minimum payment amounts under different scenarios. The total balance owed across all 5 creditors is $16,140 and the total minimum payment is $495. Different scenarios are proposed that would increase the minimum payments to either $500, $600, $650, or $700.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    3 views1 page

    Determining Payments - Sample: Outlining A Plan of Attack

    Uploaded by

    Marie Lipford
    This document outlines a plan to determine payments for various creditors. It lists 5 creditors with their current balances, minimum payments, monthly finance charges, and proposed new minimum payment amounts under different scenarios. The total balance owed across all 5 creditors is $16,140 and the total minimum payment is $495. Different scenarios are proposed that would increase the minimum payments to either $500, $600, $650, or $700.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Outlining a plan of attack

    Date Prepared

    Determining payments Sample


    Creditor Name

    Current
    Balance

    Minimum
    Payment

    Monthly
    Finance Charge

    Plus 10%
    Payment

    New Minimum
    Payment (NMP)

    Scenario 2
    (NMP)

    Scenario 3
    (NMP)

    Scenario 4
    (NMP)

    950

    55

    50

    61

    66

    166

    216

    266

    $ 1,015

    36

    30

    40

    40

    40

    40

    40

    $ 4,175

    127

    $ 110

    140

    140

    140

    140

    140

    $ 4,500

    127

    $ 115

    140

    140

    140

    140

    140

    $ 5,500

    104

    114

    114

    114

    114

    114

    $ 16,140

    TOTAL

    95

    495

    500

    600

    650

    700

    2009 Concordia Plan Services. All rights of reproduction in any form reserved.

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