Rapid Debt-Repayment Plan™ Report

Original Debt List Including Falling Payments
#	Debt Name	Principal	Interest Rate	Pmt Amt	Pmt Type	Total Interest	Total Pmts
1	Mom	200.00	0.00	25.00	Fixed	0.00	8
2	JC Penney	423.00	17.90	20.00	Falling	247.25	67
3	Gas Card	362.00	21.00	15.00	Falling	216.59	58
4	Sears	1,985.00	14.50	60.00	Falling	1,632.54	179
5	Discover	4,000.00	16.00	120.00	Falling	4,289.69	254
6	Mastercard	3,000.00	18.95	90.00	Falling	4,696.28	282
7	Visa	5,000.00	19.95	150.00	Falling	9,394.62	367
8	Target	842.00	19.95	25.00	Falling	1,140.67	155
9	Clinic	1,000.00	18.00	25.00	Fixed	538.62	62
10	Hospital	1,542.00	18.00	35.00	Fixed	1,000.05	73
11	Student Loan	4,575.00	7.50	50.00	Fixed	2,232.93	137
	Totals	22,929.00		615.00		25,389.24	367
The total of your current payments is $615.00. If you continue making payments as usual it will take you 367 months to pay off all of your debts and you will end up paying $25,389.24 in interest charges.

Original Debt List Using Fixed Payments
#	Debt Name	Principal	Interest Rate	Pmt Amt	Pmt Type	Total Interest	Total Pmts
1	Mom	200.00	0.00	25.00	Fixed	0.00	8
2	JC Penney	423.00	17.90	20.00	Fixed	89.04	26
3	Gas Card	362.00	21.00	15.00	Fixed	112.50	32
4	Sears	1,985.00	14.50	60.00	Fixed	564.87	43
5	Discover	4,000.00	16.00	120.00	Fixed	1,325.46	45
6	Mastercard	3,000.00	18.95	90.00	Fixed	1,293.10	48
7	Visa	5,000.00	19.95	150.00	Fixed	2,348.94	49
8	Target	842.00	19.95	25.00	Fixed	402.59	50
9	Clinic	1,000.00	18.00	25.00	Fixed	538.62	62
10	Hospital	1,542.00	18.00	35.00	Fixed	1,000.05	73
11	Student Loan	4,575.00	7.50	50.00	Fixed	2,232.93	137
	Totals	22,929.00		615.00		9,908.09	137
The total of your current payments is still $615.00. However, by simply "fixing" (keeping all remaining payments the same as the current payment amount) any falling payment amounts you will be debt-free in 137 months instead of the original 367 and you will save $15,481.14 in interest charges.

RDRP™ Payment Schedule
#	Debt Name	Schedule of Payments				Total Interest	Total Pmts
1	Mom	1 @ 125.00	1 @ 75.00			0.00	2
2	JC Penney	1 @ 20.00	1 @ 70.00	2 @ 145.00	1 @ 64.58	21.58	5
3	Gas Card	4 @ 15.00	1 @ 95.42	1 @ 160.00	1 @ 82.27	35.69	7
4	Sears	6 @ 60.00	1 @ 137.73	7 @ 220.00	1 @ 195.58	248.31	15
5	Discover	14 @ 120.00	1 @ 144.42	9 @ 340.00	1 @ 12.61	897.03	25
6	Mastercard	24 @ 90.00	1 @ 417.39	3 @ 430.00	1 @ 136.30	1,003.69	29
7	Visa	28 @ 150.00	1 @ 443.70	4 @ 580.00	1 @ 14.51	1,978.21	34
8	Target	33 @ 25.00	1 @ 369.54			352.54	34
9	Clinic	33 @ 25.00	1 @ 245.96	1 @ 344.81		415.76	35
10	Hospital	34 @ 35.00	1 @ 320.19	1 @ 665.00	1 @ 62.28	695.48	37
11	Student Loan	36 @ 50.00	1 @ 652.72	4 @ 715.00	1 @ 276.92	1,014.64	42
	Totals					6,662.92	42
If you follow the above RDRP™ you will save $18,726.32 in interest charges and you will be debt-free in 42 months instead of the original 367 months! If you want to increase the speed of your Rapid Debt-Repayment Plan™ and save even more money in interest charges, go back to the calculator and add or increase the "Booster" payment.

Debt-Repayment Plan Comparison Summary
Payment Plan	Number of Payments	Total Interest	Total Savings
Current Payment Plan	367	$25,389.24	$0.00
Fixed Payment Plan	137	$9,908.09	$15,481.14
Rapid Debt-Repayment Plan™ (Booster: $100)	42	$6,662.92	$18,726.32

RDRP™ Payoff Chart
RDRP™ Booster per payment period: $100.00
Key	Order of Payoff: Shortest Payoff to Longest
1	Mom
2	JC Penney
3	Gas Card
4	Sears
5	Discover
6	Mastercard
7	Visa
8	Target
9	Clinic
10	Hospital
11	Student Loan
#	Mo/Yr	1	2	3	4	5	6	7	8	9	10	11	Total
1	May 2002	125	20	15	60	120	90	150	25	25	35	50	715
2	Jun 2002	75	70	15	60	120	90	150	25	25	35	50	715
3	Jul 2002		145	15	60	120	90	150	25	25	35	50	715
4	Aug 2002		145	15	60	120	90	150	25	25	35	50	715
5	Sep 2002		65	95	60	120	90	150	25	25	35	50	715
6	Oct 2002			160	60	120	90	150	25	25	35	50	715
7	Nov 2002			82	138	120	90	150	25	25	35	50	715
8	Dec 2002				220	120	90	150	25	25	35	50	715
9	Jan 2003				220	120	90	150	25	25	35	50	715
10	Feb 2003				220	120	90	150	25	25	35	50	715
11	Mar 2003				220	120	90	150	25	25	35	50	715
12	Apr 2003				220	120	90	150	25	25	35	50	715
13	May 2003				220	120	90	150	25	25	35	50	715
14	Jun 2003				220	120	90	150	25	25	35	50	715
15	Jul 2003				196	144	90	150	25	25	35	50	715
16	Aug 2003					340	90	150	25	25	35	50	715
17	Sep 2003					340	90	150	25	25	35	50	715
18	Oct 2003					340	90	150	25	25	35	50	715
19	Nov 2003					340	90	150	25	25	35	50	715
20	Dec 2003					340	90	150	25	25	35	50	715
21	Jan 2004					340	90	150	25	25	35	50	715
22	Feb 2004					340	90	150	25	25	35	50	715
23	Mar 2004					340	90	150	25	25	35	50	715
24	Apr 2004					340	90	150	25	25	35	50	715
25	May 2004					13	417	150	25	25	35	50	715
26	Jun 2004						430	150	25	25	35	50	715
27	Jul 2004						430	150	25	25	35	50	715
28	Aug 2004						430	150	25	25	35	50	715
29	Sep 2004						136	444	25	25	35	50	715
30	Oct 2004							580	25	25	35	50	715
31	Nov 2004							580	25	25	35	50	715
32	Dec 2004							580	25	25	35	50	715
33	Jan 2005							580	25	25	35	50	715
34	Feb 2005							15	370	246	35	50	715
35	Mar 2005									345	320	50	715
36	Apr 2005										665	50	715
37	May 2005										62	653	715
38	Jun 2005											715	715
39	Jul 2005											715	715
40	Aug 2005											715	715
41	Sep 2005											715	715
42	Oct 2005											277	277

Once all of your debts are paid off...

Once you have paid off all of your debts it's time to put compound interest to work for you instead of for your creditors. Since you've already gotten used to being without the $615.00 you've been paying off debts with each month, use the following calculator to see what will happen if you were to start investing your freed-up debt payment funds.

Number of years you will invest $615.00 :
Interest rate you expect to earn on your investment:
Enter your current age:

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