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How do you do a pro rata plan?

Date: Tue, 09/29/2009 - 10:15

Submitted by katcunnington
on Tue, 09/29/2009 - 10:15

Posts: 53 Credits: [Donate]

Total Replies: 1


I have went through Financial Peace at my church, and I am determined to pay off ALL my debt by this spring. I have made pay arrangements with 3 of my creditors, and should have them paid in 3 months, since the balances are small.

However, I do have some hefty balances with a hospital (hubby had 3 heart attacks - no insurance!), and 4 credit cards (which I do pay on, but just the minimum)

We learned in FP about setting up a pro rata plan, but I am still confused on how to do it....can anyone here give me some insight? Thanks!