How long will it take for me to payoff my debt?
Generally, it takes approximately 5 years to satisfy all debt. BSI will offer you the lowest acceptable monthly repayment requirements. However, at any time, you may increase your payment amount(s) to BSI without penalty. Or, you may even ask BSI to pay off a particular account for you. Increased monthly payment amounts will be automatically applied toward your highest interest lender, unless you request otherwise. In order to calculate how long it will take to pay-off a particular account, or to pay off all your accounts, simply divide your monthly payment amount into the outstanding balance. Our program is designed to be approximately a five-year pay-out plan. Once you have done the arithmetic, add approximately six months to cover any applicable interest to a particular creditor. Remember, if you are able to make additional or increased monthly payments, it will take less time to complete this repayment program.
