Debt burdened conditions in life often compel you to communicate with your creditors which might not be pleasant at times and this happens especially when you approach them without doing proper homework. Your homework here means a thorough evaluation of your current financial position. While dealing with debts you have to be very cautious and aware of every minute detail. After all ,every dollar counts.
Before contacting your creditors we recommend you to check your financial position based on certain factors discussed below. Our calculator will keep you updated on all your debt aspects.
Practicing the above discussed guidelines will always give you a strong platform during negotiating with your creditors. We help you to have a clear picture of your debts before you start negotiating and plan your repayment scheme.
Hope we succeed in helping you in regard to :
- Calculating your total debt.
- Calculating your Debt income ratio.
- Finalizing on your monthly amount in the debt recovery plan.
- Calculating your APR.