Does anyone know what type of calculation is used when a payment plan is calculated. I need an idea of what kind of repayment plan I am looking at. I make approx 50K and have approx. 13000 worth of debt. And - how do they decide if it is going to be spread out over 3 or 5 years ... any help would be greatly appreciated.
2006-08-23 06:04:15 · 3 answers · asked by emmmay61 1 in Business & Finance ➔ Personal Finance
you got some replies but here's some great reading, might take you a while though:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me lol, hope it helped you!
2006-08-25 17:38:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
not sure. but you may want to consider a chapter 7. they both damage the credit equally. if there are specific items that you wish to keep, simply exempt them from the Chaoter 7 and make arrangements on only those items.
2006-08-23 13:11:07 · answer #2 · answered by secanda 1 · 0⤊ 0⤋
There may be something of use here.
2006-08-25 17:23:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋