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today lawyer and author Mark silverthorn is helping canadians deal with their debts through his law firm which provides comprehensive debt settlement services in 2011 cbc marketplace featured mark in an episode titled death collector dread why is that fun with superior to making minimum monthly payment to your creditors how much money are you currently paying each month in minimum monthly payments to your creditors 500-dollars a thousand two thousand dollars a month multiply that number by 12 and this is the amount of interest you will pay over the next 12 months multiply this figure by 10 and that is the amount of interest you will pay over the next 10 years without docHubly reducing the amount of principle owing to your creditors kind of depressing isnt it how are you going to save for retirement or to be able to afford to do some of the things that you would like to be able to do if you have to continue to make these minimum monthly payments if you are simply making the minim
