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| • Business Debt |
| • Commercial Debt |
| • Credit Cards |
| • Unsecured Loans |
| • Unsecured Personal Lines of Credit |
| • Collections, Autos in Repossession |
| • Unsecured Personal Loans |
| • Medical Bills |
| • Cashcall Loans |
| • Jewelry Accounts |
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| • Student Loans |
| • Secured Debts |
| • Government Loans |
| • Lawsuits, IRS Debt / Taxes |
| • Utility Bills, Auto Loans |
| • Home Loans / Mortgages |
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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 |
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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 Preferred Financial Solutions is here to help. Call 1-866-978-2606 for a free 10 minute consultation. | | |
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