I am just about to begin sending allotment payments. The last time I made a payment was about 5 months ago.
I’ve calculated my total debt, divided the amount owed to the creditor by that to come up with a percentage. Then I’ve taken the total amount I am able to pay towards my debt at this time and multiplied it by that. This is what Dave Ramsey talks about in his book.
The amounts that I am paying are very low in comparison to the actual payment required but it’s something. I’m expecting a bonus and a settlement so I was hoping to use those to pay off some of my debt by offering a settlement to the company.
What do you think about that?