Introducing PowerPay Debt Reduction Plan

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debt freePOWERPAY

Looking for a free easy way to lower your debt? If so, PowerPay may be a great resource. PowerPay is a computer program that provides a debt reduction plan. It shows a person what to pay monthly until all the debts are paid. It is easy to use, easy to understand, easy to do, easy to follow and private.

Want to know how to get started with PowerPay? Just make a list of:

  • who you owe
  • the balance owed
  • how much you pay each month and
  • the interest rate ( meaning the annual percentage rate or the APR)
  • PowerPay is set to show the fastest way to pay off debt by:
  • showing who to pay each month until debts are paid
  • making Power Payments using money from paid off debts
  • cutting the amount of interest you pay back
  • adding a little extra to what you usually pay
  • paying a lump sum of extra money like your tax return or a bonus and
  • exploring savings from a consolidating debt.

Use this PowerPay Worksheet to gather the information needed for PowerPay.

PowerPay is FREE!!!! If you would like to have LESS DEBT, LESS WORRY, MORE CASH and MORE LIVING, THEN POWER PAY IS FOR YOU!!!

The PowerPay program can be accessed at: www.powerpay.org

For assistance using PowerPay and understanding your PowerPay results, contact: Shameca Battle, Guilford County Family and Consumer Sciences Agent at Shameca_battle@ncsu.edu or 336-641-2415.

Written By

Photo of Shameca BattleShameca BattleExtension Agent, Family and Consumer Sciences (336) 641-2415 shameca_battle@ncsu.eduGuilford County, North Carolina
Posted on Sep 30, 2016
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