GET IN TOUCH WITH US

  (580) 353-5700

  MAY ALSO CALL or TEXT (580) 483-4942
  1-866-452-7455 (TOLL-FREE)


  
debtdoctor@lasillservices.com 

   1-866-458-0654 (Fax)

  
  The Debt Clinic
     1529 W Gore Blvd
     Lawton, OK    73501-3646

CONSIDER THIS SCENARIO (80/20 rule):


TOTAL DEBT                               $20,000.00

TOTAL MONTHLY PAYMENT    $500.00


YOUR PRESENT PLAN


YEARLY X 80% = YEARLY INTEREST

$6,000.00 X .80 = $4,800.00 APPLIED TO INTEREST

YEARLY X 20% = YEARLY PRINCIPAL

$6,000.00 X .20 = $1,200.00 APPLIED TO PRINCIPAL


TOTAL DEBT (divided by) YEARLY PRINCIPAL = PAYOFF TIME

$20,000.00 (divided by) $1,200.00 = 16.66 YEARS  :(

YEARS TO PAY X ANNUAL INTEREST = TOTAL INTEREST

16.66 YRS X $4,800.00 = $79,999.99  :(  :(


THE DEBT CLINIC'S PLAN


YEARLY X 80% = YEARLY PRINCIPAL

$6,000.00 X .80 = $4,800.00

YEARLY X 20% = YEARLY INTEREST

$6,000.00 X .20 = $1,200.00


TOTAL DEBT (divided by) YEARLY PRINCIPAL

$20,000.00 (divided by) $4,800.00 = 4.1 YEARS TO PAY!  :) (YES!!)

YEARS TO PAY X ANNUAL INTEREST = TOTAL INTEREST

4.1 X $1,200.00 = $4,920.00 :) (YOU BETCHA!!)


WHICH SOUNDS BETTER TO YOU???