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and is reprinted with permission where applicable.
All information will be kept strictly confidential.
| First Name |
Last Name |
| Mailing Address |
Daytime Phone |
| City |
State |
| Zip Code |
Date |
The unique PowerPay Debt Reduction program can
analyze repayment options for your debts. Possible creditors
might include the overdraft protection credit line attached
to a bank or credit union
checking account, medical payments, installment loans, auto
loans, credit card debts, or home equity line of credit loans,
personal loans, etc. PowerPay® can calculate debt repayment
schedules where extra payments are applied to the principal
and assuming there are no pre-payment penalties.
For each creditor, complete all the financial
information across the chart. NOTE: The monthly mortgage
payment should be principal and interest only, and should
NOT include any amount going to a mortgage loan escrow account
for property taxes and homeowner insurance policies.
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# |
Creditor |
Current Balance
Owing |
Monthly
Payment |
Annual % Rate(s)*
*if multiple rates note trigger of rate change |
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| 2 |
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| 3 |
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Space for additional creditors on
reverse side. |
We'll run up to three repayment options. First,
indicate if you want the repayment option run by greatest
savings (GSvg) or shortest term (STerm) first.
You may also indicate any extra monthly payments or lump sum
payment(s) you plan to pay. It is very important to include
the month and year you will make contemplated lump sum payments
to your creditors.
|
Option 1 |
Option 2 |
Option 3 |
Payment priority:
Greatest Savings(GSvg) OR
Shortest Term (STerm) |
Gsvg STerm
(Circle one) |
GSvg STerm
(Circle one) |
GSvg STerm
(Circle one) |
| Extra $ each month? (Could be $0) |
$ |
$ |
$ |
| A lump sum payment (Could be $0) |
$ on month & year |
$ on month & year |
$ on month & year |
Click-below to order for $10.00
Go to Pg-2 of Credit
Payments Worksheet
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