*Approval Guarantee requires: - Minimum of $10,000 total Credit Card Debt
- The ability to afford a minimum monthly payment of 1.5% of the Total Credit Card Debt owed or $250 whichever is greater.
- Creditors status of payment not to be more than 60 days delinquent
Example:
If you owe $20,000 in credit card debt, we can guarantee you a Debt Consolidation offer which will help you get out of debt so as long as you can afford monthly payments of $300 and you are not more than 90 days delinquent to your creditors.
*Do nothing option assumes making only the minimum payments on the debts each month with APR of 17% and minimum payment of 2% of the outstanding balance each month.
Source: creditcards.com/calculators/minimum-payment.php.
Savings illustrated is the difference between the total payments to CWDR and Total payments if just the MINIMUM monthly payments were being paid on the debts.