debt percentage calculator?

craftingqueen_2

A couple of months ago i went on a website can't remember which one. But what you did was put all your creditors and their amounts you owe them then you put in how much you would be paying each month. Once you have done that it will tell you how much £ each creditor got .Has anyone come across this on a website


craftingqueen

immoral_angeluk

Do you mean the snowball calculator on http://www.whatsthecost.com/snowball.aspx

craftingqueen_2

Hi immoral _angeluk,

could'nt remember whether it was on NATINONAL DEBTLINE,CCCS OR PAYPLAN.It was were you put in a figure share to all your creditors.

Sorry having a really dumb moment with my memory.

craftingqueen

onamission_2

payplan have one under the members section (how to get in is in the self help document)
i think national debtline have one but for the life of me i cannot find it.

Snaggles

Would this work:

Add up your total amount of debt....so say for example you owe:

Barclaycard £350
Marbles £1200
Mint £450

Total debt = £2000

Then for Barclaycard it would be £350 (amount owed to Barclaycard) divided by £2000 (total amount of debt) x 100 = 17.5

So 17.5% of your debt is with Barclaycard.

If you do that with each creditor you will know what percentage is with each one.

**If this is wrong, please will someone correct me....according to ZTD, pregnancy can cause 8% shrinkage of the brain....that's my excuse and I'm sticking to it!**

onamission_2

absolutely rght Snaggles - nothing wrong with your brain at all!...
instead of 100 you could multiply by the amount you have to pay your creditors to work out what your pro-rata offer would be.

Snaggles

Phew, thanks......was a bit nervous about posting my own workings out....it was like being back at school for a minute lol!

southernscouser

Snaggles wrote: »

So 17.5% of your debt is with Barclaycard.

I thought that was VAT?