Debt Payments - Different Interest Rates
Small changes in how you make debt payments can provide huge savings in time and money. The following example illustrates the dramatic effect from $15 in changes, and the need for debt payment optimization.

Minimum payment only
Debt Owed Interest Minimum
Debt #1 $4,000 23.00% $100
Debt #2 $500 3.99% $15
paid off in 74 months
$3,522 in interest


Extra $15 per month
smaller debt #2
Debt Owed Interest Payment
Debt #1 $4,000 23.00% $100
Debt #2 $500 3.99% $30
paid off in 74 months
$3,506 in interest


Extra $15 per month
higher interest debt #1
Debt Owed Interest Payment
Debt #1 $4,000 23.00% $115
Debt #2 $500 3.99% $15
paid off in 56 months
$2,585 in interest