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List your Debts Here from Smallest to LargestDebt (Smallest to Largest)Interest RateMinimum PaymentHow snowball works
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Credit Card 1$100.006.75%$6.27Let's assume you were paying $50 every month to pay off this card. Starting Point:$187,100.00
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Credit Card 2 (Balance Transfer)$200.000%$20.00$50 +
minimum payment of credit card 2
Total Debt Paid:300
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Credit Card 3$300.005.00%$48.60$50 +
minimum payment of credit card 2 +
minimum payment of credit card 3
Left to pay$186,800.00
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Credit Card 4$400.006.60%$45.00$50 +
minimum payment of credit card 2 +
minimum payment of credit card 3 +
mimum payment of credit card 4
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Credit Card 5$500.005.84%$18.40keep adding minimum payments to the money you were already paying from previous debts. That way your payments will get bigget and bigger and will pay off your debt faster.
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Credit Card 6$600.003.40%$17.98
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Car Loan$5,000.005.84%$33.04
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Line of Credit $10,000.002.99%$350.00
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Federal Student Loan 1$20,000.005.19%$360.00
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Federal Student Loan 2$30,000.005.94%$193.21
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Federal Student Loan 3$35,000.006.60%$100.11
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Federal Student Loan 4$40,000.005.31%$97.41
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Federal Student Loan 5$45,000.006.63%$352.86
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Total Debt:$187,100.00
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