Typical Debt Restructure

Savings shown below make it clear

Current Balance	Creditor	Min Payment Due	Interest Payment	Principal Paid	Total Payout
$1,096.12	MBNA	$51.00	$16.44	$34.56	$2,564.92
$2,450.22	CitiBank	$49.00	$36.75	$12.25	$5,733.51
$13,789.15	Discover	$275.00	$202.33	$72.67	$32,26.61
$3,504.57	First USA	$70.00	$52.56	$17.44	$8,200.69
$1,843.71	Chase	$56.00	$27.65	$28.35	$4,314.28
$5,845.90	Capital One	$94.00	$87.67	$6.33	$13,679.41
Strike out all those ridiculous totals!!
$28,529.67		$595.00	$423.40	$171.60	$66,759.43

SUMMARY OF SAVINGS after the debt consolidation

	Monthly Payout	# of Months	Total Payout
Current Program	$595.00		$66,759.43
Proposed Program	$380.00		$38,000.00
$AVING$	$215.00		$28,759.43