Lesson 2 - Selecting your Plan & Goal to resolve debt – UGotiate

After listing your debt, it’s time to create a Plan & Goal to resolve your accounts. The controls shown below help you decide the amount and time frame that works for you. Remember, the quicker you can save up money, the quicker you will be able to resolve your debt. The more you can save up each month, the better.

First, answer if you have any money already saved up to put towards your debt.

Then, decide:

How much can I afford to pay

Monthly OR
In Total
In how many months you want to be out of debt?

Are the amount and time frame I selected a good choice?

Paydoff’s Debt O Meter will guide you to determine if your Plan & Goal are realistic to resolve all of your accounts. It is best to be within Paydoff’s Optimal Range in the green section of the Debt O Meter. If you are outside the Optimal Range, you may want to reconsider and play with different scenarios.

Plan within Optimal Range:

Plan within the Low Zone:

Plan within the High Zone:

Compare your Plan & Goal to other options:

Paydoff shows you several comparisons as shown in the image below. Take some time to scroll through the 5 tabs to compare your Plan & Goal to other traditional debt relief options.