Choosing Your Best Strategy

Once you've entered all of the pertinent information for each account you wish to analyze in the optimization, you will be given several choices of strategies:

Get the MOST from Total Monthly Payment: This scenario is based on the monthly total of money currently being paid by the user to all creditors, assuming the amount is higher than the total of all minimum payments. The user can also see the impact of adding additional money to their payment plan. This allows the user to create a “What if I paid another $100 towards my debt?” scenario. The user will then receive a timeline and amortization schedule which will show the user how much to pay to each account.

Balance Transfers for LEAST Interest and get the MOST from Total Monthly Payment: This scenario is based on the monthly total of money currently being paid to the creditors and the repositioning of debt. After the credit portfolio has been analyzed, detailed instructions will inform the user how and where to move their debt. This strategy looks at how to save the most amount of money being paid in interest.

You'll get a road map of how to take control of your credit based on which scenario works best for you.