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Current Debt Options - Do Nothing?:

Many people do just that when it comes to their debt options – nothing. They pay only the required minimum payment, if they can afford that, and allow their debt to continue to rise to the point where they may never get out from under it.

Here is a look at what happens when you do nothing:

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
$70,000 $265,402.22 72 yrs 2 mos
$80,000 $303,589.81 74 yrs 2 mos
$90,000 $341,777.43 76 yrs
$100,000 $379,965.06 77 yrs 7 mos
$110,000 $418,152.62 79 yrs
$120,000 $456,340.27 80 yrs 4 mos
$130,000 $494,527.82 81 yrs 6 mos
$140,000 $532,712.48 82 yrs 8 mos
$150,000 $570,903.04 83 yrs 8 mos
This chart assumes a credit card with a 19% interest and the individual paying 2.1% of the outstanding balance each month. The minimum monthly payment most card companies require is between 2.0% and 2.4% of the outstanding balance. Source: CNN Money

When considering your debt options, doing nothing is really not an option. The only sound option to help you free up your cash flow problem is debt settlement, and Newport Financial Services is here to help. Call 1-888-243-7888 for a FREE Financial Analysis.



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