| Debt management plan | DIY debt paydown |
|
|---|---|---|
| *Figured at the average $24 monthly fee plus $32 startup fee. | ||
| Amount of debt | $19,994 | $19,994 |
| Interest rate | 7.33% | 22.5% |
| Monthly payment | $535 ($511 to debt and $24 to fee) | $535 |
| Time to payoff | 45 months | 65 months |
| Cost | Interest: $2,924 Fees: $1,115* | Interest: $14,750 |
