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DueMinder.com

Sixty To Zero

My journey to pay off $60,000 of debt in 3 years

Tag >> profit
Apr 18

Never Waste a Crisis

Published in profitcredit card companybanksbailout by kvan | Comment (3)

Is anybody else baffled by the huge profits announced recently by Wells Fargo, JP Morgan, and other big banks?  I was scratching my head for a while.  We've just been through the worst financial system meltdown our country has ever seen, including massive bailouts as a last-gasp effort to keep many banks operating as viable businesses.  How can impeding insolvency suddenly change to massive profits, in the span of a few short months?

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My Debt

Current Debt: $36,242.95
Starting Debt:$63,311.34
Monthly Commitment: $1,500
Average Rate: 3.72%
Payment Efficiency: 92.35%
Payoff Date: Dec-2011 -2y 2m

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