How much will the monthly loan bill be?
Date: Thu, 09/13/2007 - 22:13
Well since you are a registered user you should be receiving a c
Well since you are a registered user you should be receiving a call for a free debt consultation. :) If not call the 1-800-601-1579 or click on the right side of your screen and you will be connected to a live person who can assist you further.
They would be able to tell you how much or where to go for those answers.
ladybug
Dj...do as Ladybug suggested. Usually it goes by how muc you mak
Dj...do as Ladybug suggested. Usually it goes by how muc you make not how much you owe..however the smaller the payment the longer it will take to paydown your debt.
Welcome to the Community :D I am not a big fan of taking out a
Welcome to the Community :D I am not a big fan of taking out a loan to pay back debt- it kept me stuck in a viscious cycle.
Since you have registered, you ar entitled to a free credit consultation. They will discuss options you may have concerning your debt, such as debt consolidation.
In Debt Consolidation, you can put all your unsecured debt into one monthly payment, with lower interest.
There is also a Do it Yourself section, located under the Ranking Chart tab, at the top of this message.
Keep us posted, and feel free to ask questions..KAren
The monthly bill depends on the amount of the loan, the length o
The monthly bill depends on the amount of the loan, the length of the loan and the interest rate charged.
$3200 over 5 years at 10% paid monthly = $68/month
$3200 over 3 years at 10% paid monthly = $103/month
$3200 over 5 years at 12% paid monthly = $71/month
http://www.debtconsolidationcare.com/calculator/pay.html
Try that calculator and put in the amount of the loan, the interest rate and the amount you can pay each month and it will return the length the loan will be. I used microsoft excel to calculate the montly payment in my examples but I could not find a calculator on this site that did it. Search the web for loan calculators and you will find one like the microsoft excel template.
Hello djsmiley2012, When you consolidate debt, you are not ta
Hello djsmiley2012,
When you consolidate debt, you are not taking out a loan. You can have your rates reduced, your fees eliminated etc. You will be making a single pamyment and that payment will go to your credit cards. If you call up the numer on the right side of your screen you wont need a loan. Looking at your amount it will cost you arounf $150 per month and you will be debt free in about 30 months (assuming that these are positive-balance credit cards with APRs around 28%).
Good luck and keep us posted! :)