|
|
|
|
|
Suggested
debt-repayment schedule
|
|
Lender
|
Balance
Due
|
Interest
Rate
|
Payment
push period (estimate)
|
How
to hit target **
|
| Visa |
$4,000
|
8%
|
April 2001 - Aug. 2001
|
$400 current
payment
$600 belt tightening |
| Student
Loan |
$15,000
|
7.5%
|
Aug. 2001 - May 2002
|
$200 current
payment
$400 when Visa is paid off
$600 when Visa is paid off |
| Parent
|
$6,000
|
--
|
June 2002 - July 2002
|
$250 current
payment
$200 when student loan is paid off
$400 when student loan is paid off
$600 when student loan is paid off |
| Total
|
$25,000
|
|
|
|
| **
Bankrate.com calculators "The
true cost of paying the minimum" and "What
will it take to pay off my credit card?" will help
you crunch the numbers. |
-- Posted: April 6, 2001
|
|
|
