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calculating pro-rata payments
Seaside_Lass
Posts: 20 Forumite
Hi
Can someone tell me the formula for working out pro-rata payments to creditors please?
Thanks
Can someone tell me the formula for working out pro-rata payments to creditors please?
Thanks
0
Comments
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I will need a bit more info b4 i can advise. To work out a pro rata calculation you need numbers to work from. Please provide a bit more meat on the bone.0
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In wide terms, calculate the percentage of total debt that you owe each creditor, and then pay them that percentage of your total repayment.
e.g. you owe a total of £100, £70 to one creditor and £30 to another. You pay the first creditor 70% of your repayment, the second 30%.Savings target: £25000/£25000
:beer: :T
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