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Tuesday, January 26, 2010

Debt List/Repayment Schedule

Debt List
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1. Creditor-To one whom the debt is owed

2.  Describe what was purchased - Item purchased with the money borrowed

3.  Monthly payment - The amount of the montly payment

4.  Balance due- The amount of the outstanding debt

5.  Scheduled pay-off date- The date by which the debt will be fully paid

6.  Interest rate- The rate of interest charged for the debt

7.  Payments past due- The number of payments, if any, past due on each debt

ADD and Total the Monthly Payment and Balance Due

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Debt Repayment Schedule
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This will help you be systematic in your effort to get out of debt. 

1. Date Due- The day each payment is due

2.  Payment amount- The amount of each payment

3.  Payment remaining - The number of payments remaining

4.  Balance- The loan balance due after each payment

Use excel sheet to make columns.  I may possibly be able to set that up for you.  If you don't have excel or computer use pen and paper. 

Crown Financial  Ministries...crown.org

Love this class...

Sista Saver




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