Create a Decision Tree

Combine Payments

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Last updated 7 years ago

First published 01 June, 2017

English Rating: Above 18 Shortest path: 23 nodes Longest path: 23 nodes Possible solutions: 1

David Nesbitt 20 yrs in non-banking financial services as a business and data analyst, business process designer and credit manager. currently Chief Credit Officer of a peer-to-peer lender.

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Do you have any credit cards? Yes.
How many credit cards do you have? Enter Number (n).
#1: How much do you owe? #1: Enter Amount.
#n: How much do you owe? #n: Enter amount.
Any personal loans? Yes.
1-n: Personal Loan Amount owed? 1-n:Enter amount.
Any Lease/Hire Purchase? Yes.
1-n: What's the monthly payment amount? 1-n: Enter monthly payment amount.
1-n: How many payments remain? 1-n: Enter number of payments left.
Is there a balloon payment/residual? Yes.
1-n:How much is the residual? 1-n: enter amount.
<<<1: Sum of debts > Maximum Limit <<<2: Could combine some but not all debts <<<3: ?other/else?.