Debt Consolidation

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December 4th, 2008
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Debt Consolidation - MyCdc.org
Case Study #3

Mary Summers had a total of 5 credit cards and 3 Medical bills that she needed help with. She had a total debt of $39,849.00. The monthly payment that her creditors wanted was $1,340.00 and her average interest rate was 27%. It would take her 56.5years to get out of that debt.

Once enrolling in a Debt Consolidation Program her new monthly payment is $824.00 and her new average interest rate went to 6%. She will be debt free in 48 months or 4 yrs

$516 monthly savings

$112,542.00 Interest sav


Case Study #1 | Case Study #2 | Case Study #3



Individual results may vary depending on your creditors. Actual client names have not been disclosed due to the Mycdc.org Consumer Debt Consolidation Privacy Policy



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