Below is a list of typical results that lead to debt consolidation.
Debt consolidation is used to lower your monthly payment
as well as your time of payment, which results in a lower
total payout due to debt consolidation.
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Typical Results
of debt consolidation (sample before and after charts).

 
Current Balance Creditor Min Payment Due Interest Payment Principal Paid Total Payout
$1,096.12 MBNA $51.00 $16.44 $34.56 $2,564.92
$2,450.22 CitiBank $49.00 $36.75 $12.25 $5,733.51
$13,789.15 Discover $275.00 $202.33 $72.67 $32,266.61
$3,504.57 First USA $70.00 $52.56 $17.44 $8,200.69
$1,843.71 Chase $56.00 $27.65 $28.35 $4,314.28
$5,845.90 Capital One $94.00 $87.67 $6.33 $13,679.41
Tired of Paying Bills?
$28,529.67 $595.00 $423.40 $171.60 $66,759.43
Summary of Savings after the debt Consolidation
 
Monthly Payout # of Months Total Payout
Current Program $595.00 121 $66,759.43
Proposed Program $380.00 100 $28,000.00
Savings $215.00 12 $28,759.43
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