Excel based Debt Elimination Plan

1. Rapid Payment Plan - Welcome
The quot;Debt Elimination Planquot; personal
finance model is designed to help eliminate debt
and plan
for financial freedom
developed by
J2CompSolutions, inc
OK

2. Debt Elimination Plan
Listed By Shortest Payoff
GMAC- Bank of America Idaho - Student
Creditor Suburban Mastercard Discover Card Capital One Relative Loan Loan Loan Visa
Balance 9,010 3,545 505 5,400 3,259 12,800 22,000 2,000 - - - - - - -
Payment 450 251 41 189 224 250 132 70 - - - - - - -
Annual Rate 5.99% 24.90% 12.90% 15.59% 5.00% 15.99% 6.00% 19.99%
# Pmts 21 17 13 36 15 87 359 39 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Int. Savings 4,528 (101) (107) 4,549 (8,131) 16,723 40,924 591 #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Jan-08 1 450 251 41 189 224 250 132 70 - - - - - - -
8,605 3,368 469 5,281 3,049 12,721 21,978 1,963 - - - - - - -
Feb-08 2 450 251 41 189 224 250 132 70 - - - - - - -
8,198 3,187 433 5,161 2,838 12,641 21,956 1,926 - - - - - - -
Mar-08 3 450 251 41 189 224 250 132 70 - - - - - - -
7,789 3,002 397 5,039 2,626 12,559 21,934 1,888 - - - - - - -
Apr-08 4 450 251 41 189 224 250 132 70 - - - - - - -
7,378 2,813 360 4,915 2,413 12,476 21,912 1,849 - - - - - - -
May-08 5 38 88 41 189 224 250 132 70 - - - - - - -
7,377 2,783 323 4,790 2,199 12,392 21,890 1,810 - - - - - - -
Jun-08 6 450 126 41 189 224 250 132 70 - - - - - - -
6,964 2,715 285 4,663 1,984 12,307 21,867 1,770 - - - - - - -
Jul-08 7 450 126 41 189 224 250 132 70 - - - - - - -
6,549 2,645 247 4,535 1,768 12,221 21,844 1,729 - - - - - - -
Aug-08 8 450 126 41 189 224 250 132 70 - - - - - - -
6,132 2,574 209 4,405 1,551 12,134 21,821 1,688 - - - - - - -
Sep-08 9 450 29 147 189 224 250 132 70 - - - - - - -
5,713 2,598 64 4,273 1,333 12,046 21,798 1,646 - - - - - - -
Oct-08 10 450 251 176 189 224 250 132 70 - - - - - - -
5,292 2,401 (111) 4,140 1,115 11,957 21,775 1,603 - - - - - - -
Nov-08 11 450 251 1 225 224 250 132 70 - - - - - - -
4,868 2,200 (113) 3,969 896 11,866 21,752 1,560 - - - - - - -
Dec-08 12 450 251 129 897 250 132 70 - - - - - - -
1,995 3,892 3 11,774 21,729 1,516 - - - - - - -
Jan-09 13 - 701 1,026 250 132 70 - - - - - - -
1,335 (1,023) 11,681 21,706 1,471 - - - - - - -
Feb-09 14 - 289 1,026 250 132 70 - - - - - - -
1,074 (2,053) 11,587 21,683 1,426 - - - - - - -
Mar-09 15 - 701 1,026 250 132 70 - - - - - - -
395 (3,088) 11,491 21,659 1,380 - - - - - - -
Apr-09 16 - 701 1,026 250 132 70 - - - - - - -
(298) (4,127) 11,394 21,635 1,333 - - - - - - -
May-09 17 - (298) 1,026 250 132 70 - - - - - - -
(6) (5,170) 11,296 21,611 1,285 - - - - - - -
Jun-09 18 - (6) 1,026 250 132 70 - - - - - - -
- (6,218) 11,197 21,587 1,236 - - - - - - -
Jul-09 19 - 1,026 250 132 70 - - - - - - -
- (7,270) 11,096 21,563 1,187 - - - - - - -
Aug-09 20 - 957 119 132 70 - - - - - - -
- (8,257) 11,125 21,539 1,137 - - - - - - -
Sep-09 21 - 61 1,615 70 - 50 - - - - -
- 11,212 20,032 1,086 - (50) - - - - -
Oct-09 22 - 1,676 70 - 50 - - - - -
18,456 1,034 - (100) - - - - -
Nov-09 23 - 566 607 1,003 50 - - - - -
17,982 444 (1,003) (150) - - - - -
Dec-09 24 - 2,176 50 - - - - -
(3,179) (200) - - - - -
Jan-10 25 - 455 1,771 - - - - -
(3,634) (1,971) - - - - -
Feb-10 26 - 530 757 1,119 - - -
(2,501) (757) (1,119) - - -
Mar-10 27 - 659 1,917 - -
(1,778) (1,917) - -
Apr-10 28 - 621 1,585 520
(2,538) (1,585) (520)
May-10 29 - 1,359 (1,879)
Jun-10 30 -
Jul-10 31 -
Aug-10 32 -
Sep-10 33 -
Oct-10 34 -
Nov-10 35 -
Dec-10 36 -
Jan-11 37 -
Feb-11 38 -
Page 3

3. Debt Elimination Plan
Listed By Custom Order
Bank of Wells Fargo Home Ford Motor Credit- Idaho - Student
Creditor Mastercard Hospital Bill Discover Card Phils Auto Primary Health Visa Relative Loan Capital One GMAC-Suburban America Loan Equity Auto Loan
Balance 3,545 1,020 505 672 560 2,000 3,259 5,400 9,010 12,800 9,500 19,500 22,000 - -
Payment 251 62 41 55 30 70 224 189 450 250 221 625 132 - -
Annual Rate 24.90% 21.00% 12.90% 12.00% 18.00% 19.99% 5.00% 15.59% 5.99% 15.99% 7.00% 3.99% 6.00%
# Pmts 17 20 13 13 22 39 15 36 21 87 50 33 359 #DIV/0! #DIV/0!
Int. Savings 2,011 220 (171) 122 (68) 1,725 (3,527) 5,999 (991) 14,991 3,828 3,066 41,438 #DIV/0! #DIV/0!
Jan-08 1 251 62 41 55 30 70 224 189 450 250 221 625 132 - -
3,368 976 469 624 538 1,963 3,049 5,281 8,605 12,721 9,334 18,940 21,978 - -
Feb-08 2 251 62 41 55 30 70 224 189 450 250 221 625 132 - -
3,187 931 433 575 516 1,926 2,838 5,161 8,198 12,641 9,167 18,378 21,956 - -
Mar-08 3 251 62 41 55 30 70 224 189 450 250 221 625 132 - -
3,002 885 397 526 494 1,888 2,626 5,039 7,789 12,559 8,999 17,814 21,934 - -
Apr-08 4 251 62 41 55 30 70 224 189 450 250 221 625 132 - -
2,813 838 360 476 471 1,849 2,413 4,915 7,378 12,476 8,830 17,248 21,912 - -
May-08 5 812 62 41 55 30 70 224 38 450 250 221 625 132 - -
2,059 791 323 426 448 1,810 2,199 4,941 6,965 12,392 8,661 16,680 21,890 - -
Jun-08 6 850 62 41 55 30 70 224 450 250 221 625 132 - -
1,252 743 285 375 425 1,770 1,984 6,550 12,307 8,491 16,110 21,867 - -
Jul-08 7 850 62 41 55 30 70 224 450 250 221 625 132 - -
428 694 247 324 401 1,729 1,768 6,133 12,221 8,320 15,539 21,844 - -
Aug-08 8 850 62 41 55 30 70 224 450 250 221 625 132 - -
(413) 644 209 272 377 1,688 1,551 5,714 12,134 8,148 14,966 21,821 - -
Sep-08 9 850 476 41 55 30 70 224 450 250 221 625 132 - -
(1,272) 179 170 220 353 1,646 1,333 5,293 12,046 7,975 14,391 21,798 - -
Oct-08 10 850 1,585 41 55 30 70 224 450 250 221 625 132 - -
(2,148) (1,403) 131 167 328 1,603 1,115 4,869 11,957 7,801 13,814 21,775 - -
Nov-08 11 878 - 41 48 30 70 224 450 250 221 625 132 - -
(3,071) (1,428) 91 121 303 1,560 896 4,443 11,866 7,626 13,235 21,752 - -
Dec-08 12 926 - 41 30 70 224 450 250 221 625 132 - -
(4,061) (1,453) 51 278 1,516 676 4,015 11,774 7,449 12,654 21,729 - -
Jan-09 13 926 - 41 30 70 224 450 250 221 625 132 - -
(5,071) (1,478) 11 252 1,471 455 3,585 11,681 7,271 12,071 21,706 - -
Feb-09 14 926 - 41 30 70 224 450 250 221 625 132 - -
(6,102) (1,504) (30) 226 1,426 233 3,153 11,587 7,092 11,486 21,683 - -
Mar-09 15 943 - 41 30 33 224 450 250 221 625 132 - -
(7,172) (1,530) (71) 199 1,417 10 2,719 11,491 6,912 10,899 21,659 - -
Apr-09 16 976 (1,530) 41 30 224 450 250 221 625 132 - -
(8,297) (27) (113) 172 (214) 2,283 11,394 6,731 10,310 21,635 - -
May-09 17 1,046 (27) 41 30 224 450 50 221 625 132 - -
(9,515) - (155) 145 (439) 1,844 11,496 6,549 9,719 21,611 - -
Jun-09 18 1,077 - 19 30 224 450 50 221 625 132 - -
(10,789) - (176) 117 (665) 1,403 11,599 6,366 9,126 21,587 - -
Jul-09 19 1,096 - 30 224 450 50 221 625 132 - -
(12,109) - 89 (892) 960 11,704 6,182 8,531 21,563 - -
Aug-09 20 753 403 30 224 450 50 221 625 132 - -
(13,113) (403) 60 (1,120) 515 11,810 5,997 7,934 21,539 - -
Sep-09 21 ##### 682 130 544 450 50 221 625 132 - -
- (1,092) (69) (1,669) 68 11,917 5,811 7,335 21,515 - -
Oct-09 22 - (1,092) 1,356 450 50 221 625 132 - -
- (3,032) (382) 12,026 5,624 6,734 21,491 - -
Nov-09 23 - - 516 607 383 221 625 132 - -
- (3,561) (991) 11,803 5,436 6,131 21,466 - -
Dec-09 24 - - 1,506 221 625 132 - -
10,454 5,247 5,526 21,441 - -
Jan-10 25 - - 473 1,133 625 132 - -
10,120 4,145 4,919 21,416 - -
Feb-10 26 - - 648 1,008 132 - -
3,521 3,927 21,391 - -
Mar-10 27 - 56 923 847 - -
3,486 3,017 20,651 - -
Apr-10 28 - 1,704 550 472
19,050 (550) (472)
May-10 29 - 1,241 (1,791) (472)
Jun-10 30 -
Jul-10 31 -
Aug-10 32 -
Sep-10 33 -
Oct-10 34 -
Nov-10 35 -
Dec-10 36 -
Jan-11 37 -
Feb-11 38 -
Page 4