Creditors - You owe money to your CREDITORS. So long as you owe money you are in financial bondage. PowerPay begins by learning about your creditors. You will need to know:

• to whom you are indebted
  
• how much you owe
  
• the annual interest rate

Compare - Once you have provided information about your creditors, PowerPay can provide informational comparisons about how to pay those creditors off. You can do so by paying off the highest interest creditors first or the lowest remaining balance first. You can also see how much you will save by making Power Payments. Power Payments are what happens when you apply the amount you are currently paying a given creditor to your remaining debt balance after you have retired the debt to that creditor. But, they are more. Power Payments happen when you consider which debts should be retired first and capitalize on the intelligent sequence of debt retirement. The idea is to apply the least amount of money toward the earliest possible retirement of the overall debt. Power Payments let you keep more of your money and get you out of debt sooner rather than later, if at all possible.

Minimum Payments - Minimum payments shows how long you will be indebted to a particular creditor and when the payments will end IF you only make the minimum payments associated with the debt.

Reset PowerPay Session - resets all PowerPay information so that you can begin a new session