Debt Consolidation Calculator Instructions
 |
|
|
|
|
| 1. |
Pick what type of loan you would like (Personal Loan or Home Equity). |
| 2. |
If you would like to have money up front in addition to consolidating your bills, enter the dollar amount in the additional cash box. |
| 3. |
Enter all of your outstanding debts by: |
| |
a. |
Entering the specific creditor name (type over Creditor 1) Choosing the type of credit: a loan, a bank credit card or a department store credit card. |
| |
b. |
Entering the monthly payment (for loans only, credit cards will be calculated). |
| |
c. |
Entering the outstanding balance for both loans and credit cards. |
| |
d. |
Hit the "Enter" key after each creditor. The creditor will appear on the calculator display screen above. |
| 4. |
You can choose which bills/debts you would like to consolidate, by clicking the check box next to each creditor in the calculator display. Unchecking the creditor check box will exclude it from the consolidation calculation. |
| 5. |
To see your monthly payments before and after a consolidation loan with Citifinancial®, hit the "Consolidate" button. |
| 6. |
You can go back and change your choice of creditors and/or additional cash and hit "Consolidate" again to see another option. |
| 7. |
To clear the calculator, hit the "Reset" button.
|
** Personal loan example shown has an annual percentage rate (APR) of 18.99%, based on a 5 year term. Home equity loan example shown has an annual percentage rate (APR) of 12.50%, based on a 30 year term. Actual loan rates may vary based on credit history and qualification criteria.
|
