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Do Nothing...and it Can Cost More Than You Imagined

This may surprise you, but many people are unaware of what it means to pay off their unsecured debt. Very often, they either don’t understand the time frame and amounts involved, or worse, have unrealistic expectations of how much they actually owe.

 

The following table illustrates a typical series of unsecured debt scenarios, along with the total amount required to pay back the debt and the period of time required for the amount to be paid in full. The numbers will probably surprise you!

 

Debt Amount Pay Back
(Including Principle & Interest)
How Long Will It Take
$10,000
$26,276.59
42 yrs 9 mos
$15,000
$55,370.41
48 yrs 11 mos
$20,000
$74,464.22
53 yrs 3 mos
$25,000
$93,557.98
56 yrs 7 mos
$30,000
$112,651.77
59 yrs 4 mos
$35,000
$131,745.58
61 yrs 8 mos
$40,000
$150,839.39
63 yrs 9 mos
$45,000
$169,933.22
65 yrs 6 mos
$50,000
$189,027.02
67 yrs 1 mos
$60,000
$227,214.61
69 yrs 10 mos

 

Of course, this table is computed based upon an interest rate of just 19% and a minimum monthly payment of only 2.1% of the remaining balance. Most credit cards have a much higher rate, or more importantly, transition to one once your payment becomes past due.

 

If that happens, these years can become decades almost overnight!

 

Don’t let that happen to you.

 

Contact Debt Consolidation Service, Inc. TODAY. Speak with one of our highly qualified debt counselors. Get your unsecured debt under control now and enjoy your new peace of mind, knowing that you are on the road to debt-free living.

 

800-735-0040
info@debtconsolidationservice.org

Minimum $7,000.00 in debt to qualify
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