2010 Debt Reduction Challenge - Discussions

**NikoSan999** · 01-22-2010, 11:37 AM

Originally Posted by rcannon

Niko,
I bank with Bank of Hell and I can view my P and I.

Go to the "transaction History" link on the Acct Summary page.

Ours is called account details. This is what I copied and pasted. I don't understand none of it. I just left the bank it orginated at and they don't show it period. Nothing. Nada.

**Greebo** · 01-22-2010, 11:40 AM

Originally Posted by NikoSan999

Ours is called account details. This is what I copied and pasted. I don't understand none of it. I just left the bank it orginated at and they don't show it period. Nothing. Nada.

That is the bigger issue.

You really should take the time to learn what it all means. As I showed you recently, the information you need to determine what's principal and what's interest is all there.

**Russ** · 01-22-2010, 12:20 PM

For the 1st 2 years of Niko's loan.
forgive the formatting.

Date / Int / Sch balance / Actual balance/ Sch payment/ Interest / Principal
1 09/09 8.25% 48,960.00 48,960.00 (474.98) (336.60) (138.38)
2 10/09 8.25% 48,821.62 48,821.62 (474.98) (335.65) (139.33)
3 11/09 8.25% 48,682.29 48,682.29 (474.98) (334.69) (140.29)
4 12/09 8.25% 48,542.00 48,542.00 (474.98) (333.73) (141.25)
5 01/10 8.25% 48,400.74 48,400.74 (474.98) (332.76) (142.23)
6 02/10 8.25% 48,258.52 48,258.52 (474.98) (331.78) (143.20)
7 03/10 8.25% 48,115.31 48,115.31 (474.98) (330.79) (144.19)
8 04/10 8.25% 47,971.13 47,971.13 (474.98) (329.80) (145.18)
9 05/10 8.25% 47,825.95 47,825.95 (474.98) (328.80) (146.18)
10 06/10 8.25% 47,679.77 47,679.77 (474.98) (327.80) (147.18)
11 07/10 8.25% 47,532.59 47,532.59 (474.98) (326.79) (148.19)
12 08/10 8.25% 47,384.39 47,384.39 (474.98) (325.77) (149.21)
13 09/10 8.25% 47,235.18 47,235.18 (474.98) (324.74) (150.24)
14 10/10 8.25% 47,084.94 47,084.94 (474.98) (323.71) (151.27)
15 11/10 8.25% 46,933.67 46,933.67 (474.98) (322.67) (152.31)
16 12/10 8.25% 46,781.36 46,781.36 (474.98) (321.62) (153.36)
17 01/11 8.25% 46,628.00 46,628.00 (474.98) (320.57) (154.41)
18 02/11 8.25% 46,473.59 46,473.59 (474.98) (319.51) (155.47)
19 03/11 8.25% 46,318.11 46,318.11 (474.98) (318.44) (156.54)
20 04/11 8.25% 46,161.57 46,161.57 (474.98) (317.36) (157.62)
21 05/11 8.25% 46,003.95 46,003.95 (474.98) (316.28) (158.70)
22 06/11 8.25% 45,845.24 45,845.24 (474.98) (315.19) (159.79)
23 07/11 8.25% 45,685.45 45,685.45 (474.98) (314.09) (160.89)
24 08/11 8.25% 45,524.56 45,524.56 (474.98) (312.98) (162.00)

**NikoSan999** · 01-22-2010, 12:45 PM

Thanks Russ, I really appreciate it. Very much. I printed it out.

**Russ** · 01-22-2010, 01:01 PM

No problem Niko.

It was based on the info below.

Originally Posted by monkeywrangler71

There is a loan amortization spreadsheet around somewhere. You have the original amount (48960) and the term (15 years) and rate (8.5). That's enough to fill out the spreadsheet and have it list all of your payments and their breakdown.

**monkeywrangler71** · 01-22-2010, 01:15 PM

Your payment should be $474 not $447, is it a variable rate or has it been refinanced at some point?

**NikoSan999** · 01-22-2010, 01:17 PM

Originally Posted by monkeywrangler71

Your payment should be $474 not $447, is it a variable rate or has it been refinanced at some point?

No, never refinanced and has always been $447.11

**monkeywrangler71** · 01-22-2010, 01:48 PM

Do you have the original papers? Your payment amount seems to be based on an interest rate of 7.25 not 8.25. But the total outstanding would be higher if you were underpaying - it looks like your rate either fluctuates, or went up recently.

**NikoSan999** · 01-22-2010, 02:08 PM

It's a fixed. Yes have the papers. Have been all over them the past couple days looking for an account number. None there. The payment has been $447.11 since the day it started. I, myself, can't figure any of this out. I have been ALL over the papers.

**Greebo** · 01-22-2010, 02:15 PM

It might be called a Loan Number.

**qsaver704** · 01-23-2010, 01:52 AM

not to interrupt the flow of convesation (by the way NIKOSANS, sorry for your troubles) but we live near two counties and can choose hospitals. I just learned today that the hospital closest is no longer setting up payment plans. If you can't pay to whole amount off automatically they are sending the claim to their bill collector and charging 19% interest each month!!!!!

I have always been one of those who said you should pay as much as you can to the doctors just to get out from under the bill (my mom will pay $10 a month for life if they let her) but I can't imagine giving you no set up. It will be cheaper to put bills on a credit card (mine is 7%). Oh, well. I guess we will be driving to the other hospital.

**NikoSan999** · 01-23-2010, 09:30 AM

Originally Posted by Greebo

It might be called a Loan Number.

Finally got someone at the bank yesterday while they weren't busy to dig. The problem with getting the account number or loan number was while the loan papers say mortgage it isn't listed at Bank of Hell under mortgage loan. It was listed under installment loan. So don't really know what it is.

Got the account number

**NikoSan999** · 01-23-2010, 09:55 AM

Originally Posted by qsaver704

not to interrupt the flow of convesation (by the way NIKOSANS, sorry for your troubles) but we live near two counties and can choose hospitals. I just learned today that the hospital closest is no longer setting up payment plans. If you can't pay to whole amount off automatically they are sending the claim to their bill collector and charging 19% interest each month!!!!!

I have always been one of those who said you should pay as much as you can to the doctors just to get out from under the bill (my mom will pay $10 a month for life if they let her) but I can't imagine giving you no set up. It will be cheaper to put bills on a credit card (mine is 7%). Oh, well. I guess we will be driving to the other hospital.

Thank you very much.

Do they have a patients bill of rights hanging on the wall? We do not refuse treatment because of inability to pay type thing.

Did this come from the hospital itself? Double check.

**qsaver704** · 01-23-2010, 11:08 AM

Thanks, I will look into it! Good news is the other hospital isn't too far of a drive-30 minutes. Glad you are making progress on your problem.

**NikoSan999** · 01-23-2010, 04:18 PM

Your welcome and do check to see if they have it posted. It is normally in admissions. But glad the other one is not to far.
Never know when it might come in handy to just have the heads up.