The problem or challenge is to formulate an action plan to eliminate the debt within the time frame of two years. This includes not accruing additional debt in the meantime.
The obstacle to overcome is staying within your budget while paying off the debt in the given time frame.

Role

Assume you’ve got $1400 each month to contribute toward your debts. Assume you’re living a cash lifestyle from now on and not adding to any of these balances.

Audience

You need to convince a credit agency that is helping you get out of debt with your action plan that it will work.

Situation

The challenge involves taking a good look at your budget to determine how much you can put towards the debt monthly.

Product, Performance, and Purpose

You will complete the google doc explaining how to pay down your debts. Remember that interest accrues monthly on a credit card.

Standards and Criteria for Success

All questions are thoroughly answered on the google document showing demonstration on understanding on concepts.

Please upload your completed assignment here. Be sure you have included your name at the top of your document and as part of the file name. Be sure to review the rubric to see how you will be graded.

Answer rating: 100% (QA)

Goal The aim is to create a clear path to debt elimination ... View the full answer