Immediate Debt To Income Ratio Reduction - without consolidating bills

PayOff (tm) tells you which bills to pay off so that your debt to income ratio reduction is the lowest amount possible without spending any more money than you originally planned to spend.

The PayOff (tm) tool was developed as a result of my own personal experience when I looked to qualify for a home mortgage. I found out that the amount of money that I was paying out each month on bills was too high for me to qualify for the loan that I was seeking. Fortunately, I had enough cash available to pay off enough of my bills, so that I could meet the bank's loan qualification requirements. However, I later realized that, if I had been more careful while selecting the bills to pay off, I could have reduced the sum of my monthly bill payments even more. All without paying out any more money. Anyone who uses PayOff (tm) could make money available to them that, without PayOff (tm), would not be available. It's all a matter of selecting the right bills to pay off. Charles Phillips, Owner-Phillips Solutions

When you submit your completed data form, we'll process your information and email your free personalized Preliminary Report to you. This free Preliminary Report will let you know precisely how much you will save when you pay off the bills that PayOff (tm) selected, as compared to paying off the bills that you select. You can use the information provided on your free Preliminary Report as target amounts to shoot for as you try to determine the right bills to pay off. Then, if you can't find the right bills to pay off to reduce your debt to income ratio or your sum of monthly payments to the amounts shown on your free Preliminary Report, let us know that you want us to find the right bills for you. We'll prepare a customized Final Report for you that will let you know specifically which bills to pay off to reduce your debt to income ratio and total sum of monthly payments to the lowest amount possible.

You
Loan companies
Real estate agents
Home builders and sellers
Financial Advisors
Credit Counselors
Major Corporations
Governments

We're currently working on an update to the PayOff (tm) tool that's useful when you have the following goals:

If you want to be notified when this update is available, click here to send a blank email message.

Disclaimer: PayPal^TM is a trademark of X.com Corporation. All rights are reserved. PayOff(tm) is not affiliated with PayPal^TM in any way.

Simply put, you're probably wasting money if you're not using the PayOff (tm) service. The free PayOff (tm) Preliminary Report will show you how low your new sum of monthly payments could be if you pay off the "right" bills. Then, the PayOff (tm) Final Report will show you the "right" bills to pay off. With PayOff (tm), you never spend more than you originally planned to spend to pay off your bills.

A typical scenario for an individual, company, or government that wants to reduce its debt to income ratio is where: 1) The goal is to reduce the sum of monthly payments to the lowest amount possible; 2) There's a fixed amount of cash that's available to pay off bills; 3) The amount of cash available is not enough to pay off all the bills; and 4) Someone must decide which bills to pay off. To accomplish their goal, they systematically select different bills until they find a combination that will reduce the sum of monthly payments to the lowest amount possible. It sounds easy until you realize how many possible selections can be made. For example, if you have 14 bills, you could consider paying off Bill #1, Bill #3, and Bill #8; then Bill #4 and Bill #6; then Bill #1, Bill #3, Bill #7, Bill #10, and Bill #14, etc. until you have considered every possible combination of bills to select to pay off, using the money that you have available for this purpose. Then you would pay off the one combination of bills selected that would reduce your debt to income ratio to the lowest amount possible. Alas, with just 14 bills to consider paying off, there are over 87 BILLION different combinations like the ones above to consider. Only one of these combinations is the one you really want, the one that reduces your debt to income ratio to a "rock-bottom" lowest amount possible without spending any more money than your predetermined amount available. Could you find the right one? Test your skills here. Just think, with just 14 bills, if you or a computer used one thousandth of a second to look at each of 87 billion combinations to see which one is the best, you would finish in about 2 years and 9 months.

To help me qualify for a mortgage, my financial advisor resorted to using "trail and error" to select which bills to pay off to reduce my debt to income ratio. When I paid off the bills that he suggested, I was able to satisfy the bank's debt to income mortgage qualification requirements. However, I later realized that I was more likely to be struck by lightning than to ever find the one "best combination" by using "trial and error". I recognized that there probably was another combination of bills that could have been selected that would have reduced my debt to income ratio even more than his selections did. Furthermore, I realized that there was a unique selection of bills that could have been made that would have reduced my debt to income ratio to a "rock-bottom" lowest amount possible, all without spending any more money than I actually spent when I paid off the bills that he selected.

Setup Fee - A fixed $10 charge that is paid at the time you request your Final Report.

Bill Fee - $1 per bill that you submit. If you submit 8 bills, your bill fee will be $8.

Service Fee - 3% of what PayOff (tm) saves you annually. PayOff (tm) calculates the amount of money that you would save each month if you pay off the bills that you select. Then PayOff (tm) looks to see if it can save you more. If so, your Service Fee will be 3% of the additional savings that your use of the PayOff (tm) service generates. (Note: Your Service fee is $0 if PayOff (tm) cannot generate additional savings for you.). For example, suppose that your selection of bills to pay off reduces your monthly payments by $3600 annually, and PayOff's (tm) selection reduces your monthly payments by $6000 annually. Your Service Fee would be calculated as follows:


PayOff's selection of bills to pay off reduced your monthly payments by:	$6000 [12 x $500]
Your selection of bills to pay off reduced your monthly payments by:	-$3600 [12 x $300]
	$2400 X 3% = $72 Service Fee

In this example, your total cost for using the PayOff (tm) service is the greatest of the following:

Your total cost would be $72 to save you an additional $2400 (or 66%) per year.

(You can reduce this fee when you do your best to indicate which bills should be paid off on the data form that you submit.) Go back to FAQ.

Your Final Report is delivered to you via: one of the following means (your choice):

Yes. For any specific study for which you submit your information, if we can't reduce your debt to income ratio by an amount greater than or equal to the debt to income that your methods generate, we'll refund 100% of any fees you paid for that specific study. Any refund due will be sent to you via PayPal^TM. For refund eligibility, the debt to income ratio generated by your selection of bills to pay off (included as part of the information that you submit on the data form) is the sole debt to income ratio considered valid for comparison against PayOff's (tm) results.

We will email your free Preliminary Report to you within 24 hours after we receive your completed data form.

Your Final Report is sent from my office within one business day after you make payment.

The specific information that you submit and the subsequent reports generated are never given or sold to any outside source unless required by law or other governing authority. Your data is transmitted using the Secure Sockets Layer (SSL) protocol. This protocol uses an encryption algorithm and keys that authenticates the server to the client. Once the authentication is complete and transmission of data begins, all data is encrypted using the 128-bit session keys negotiated during authentication. SSL has been submitted as a draft standard to the Internet Engineering Task Force (IETF), as the Transport Layer Security (TLS) protocol. Go back to FAQ.

Using PayOff (tm) will allow you to reduce your debt to income ratio to the lowest amount possible. Your debt to income ratio is calculated by taking your total bill payment amount and dividing that by your income. For example, suppose that you're are spending $1,000 a month on bills and your monthly income is $2,500. Then your debt to income ratio will be 40% ($1,000 divided by $2500). Obviously, it's to your advantage to have a low debt to income ratio whenever possible. If PayOff (tm) had been available to me when I qualified for my mortgage, I could have moved into my home with some extra money in my pocket to pay for the new drapes, new yard equipment, new sheets, new this, new that...........that my wife insisted that we have. Even without these additional expenses, a low debt to income ratio makes it easier for you to meet your monthly financial obligations. The lower the debt to income ratio, the more money that's available for you each month. Charles Phillips-Durham, N.C. Go back to "Who can benefit from using PayOff (tm)?"

Some loan applicants meet your debt to income qualification criteria at the time that they apply for a loan, but find themselves technically unqualified soon after the loan is granted. Your customers' unforeseen and underestimated expenses, unexpected income reduction, job loss, etc. could adversely affect their ability to meet their repayment obligation to you. This situation is especially prone to happen for customers whose debt to income ratio is borderline at the time they apply. A lower debt-to-income ratio makes it easier for your customers to keep their monthly payments current. For your loan applicants who intend to qualify for your loan by paying off bills to reduce their debt to income ratios, we suggest that you could ultimately reduce your overall debt recovery expenses by encouraging them to lower their debt to income ratios to the lowest amount possible. PayOff (tm) is the tool that accomplishes just that. Go back to "Who can benefit from using PayOff (tm)?"

If you've been in the business long enough, you've undoubtedly seen potential homeowners who qualify for a home mortgage, except that their debt to income ratio is too high. They have money saved that they are willing to use to reduce their debt to income ratio. But they don't appear to have enough cash available. Or do they? Maybe, the real problem is that nobody has been able to identify exactly which bills they should pay off in order to qualify. PayOff (tm) will identify those bills if they exist. And you will complete a sale that, without PayOff (tm), you would not have completed.

Another opportunity for better service to your customer is when your customer pays off some of their bills, but their new debt to income ratio is at or just under the mortgage company's requirements. They get the loan, but by the time they buy new furniture, drapes, yard equipment, etc., they find that they can't meet the monthly payments and are facing foreclosure. If they loose they're home, they may remember their frustration and forever be out of the homeowner's market. Again, the result would be lost commissions for you and your peers. As their agent, you could help your customer avoid this scenario by encouraging them to use PayOff (tm) to reduce their debt to income ratio to the lowest amount possible. Or, you could use PayOff (tm) on their behalf. Go back to "Who can benefit from using PayOff (tm)?"

If you're looking to sell your property, it follows that nothing happens unless there are qualified buyers. Some potential sales are stopped dead simply because a potential buyer's debt to income ratio is too high to allow that person to qualify for a mortgage. The sale is missed because there's nobody who can show the potential buyer which bills they can pay off to reduce their debt to income ratio to a level that's low enough for them to qualify. PayOff (tm) selects the bills to pay off so that the debt to income ratio is reduced to the lowest amount possible. (See benefits for real estate agents.) Go back to "Who can benefit from using PayOff (tm)?"

The PayOff (tm) free Preliminary Report and personalized Final Report can help you provide better service to your clients. These two reports can give you the ability to reduce your clients' debt to income ratio to the lowest amount possible without their spending more than they originally planned to spend. Even though any feasible recommendation that you make to lower your clients' debt to income ratio is to their advantage, it's one thing to lower a debt to income ratio, but it's entirely a different matter when you can do it better than your competition. Use PayOff (tm) on behalf of your clients and tell them what it can do for them. (See benefits for Credit Counselors.) Go back to "Who can benefit from using PayOff (tm)?"

Many of your clients have savings, job bonuses, tax refunds, inheritances, and other lump sum amounts of money that they can use to pay off some of their bills. At the very least, the free Preliminary Report would let you know what your clients' target debt to income ratio should be when they use their funds to pay off some of their bills. At best, the Final Report would allow you to recommend the specific bills that your clients should pay off so that they could reduce their monthly obligations by the greatest amount possible. Then you could apply the extra money, made available by PayOff (tm), to help with your clients' other credit solutions. (See benefits for financial advisors.) Go back to "Who can benefit from using PayOff (tm)?"

Proper fiscal management and stockholder expectations demand that all corporate expenditures yield maximal returns for the dollar. When a corporation that is serious about improving its bond rating, stock prices, or other measures of financial performance decides to pay off bills to reduce its debt to income ratio, it would do well to select the bills to pay off so that the lowest debt to income ratio possible is attained. Stockholders, CEO's and others would be very much disappointed if they knew the number of professional and corporate financial managers who use techniques not much better than "trial and error" to determine which bills to pay off. Significant amounts of money are lost each year because of this. Until PayOff (tm), it just wasn't feasible to find the one best solution. Here's why:

The number of possible ways to pay off bills increases geometrically as the number of bills increases. For example, if a company has just 14 bills, there are over 87 billion unique combinations of bills to consider paying off. (Pay off Bills 2 and 3 or Bills 1, 5, and 9 or Bills 2, 3, and 4 or Bills 3, 4, 7 and 13.........etc.). With 87 billion combinations, if a computer spent 1/1000 of a second to look at each possible solution using conventional means, that computer would require over 3 years to complete its task. Using PayOff (tm), we can accurately complete this task for you in substantially less time. Go back to "Who can benefit from using PayOff (tm)?"

The responsibility to manage our tax dollars wisely requires that our local and federal governments use all the appropriate tools available to spend wisely and responsibly. PayOff (tm) is a tool that could help government officials identify which bills to pay off when they want to ensure that they reduce the debt to the lowest amount possible, given an amount that's available to pay off debt. Unless a government entity already routinely manages debt reduction with PayOff 's (tm) degree of efficiency, the debt level for that entity is unnecessarily higher than it could be. Using PayOff (tm) could make money available to expedite debt reduction efforts, or offset costs associated with things like unexpected treasury depletions, higher interest costs than expected, disaster recovery expenditures, budget shortfalls, or less than expected revenues. PayOff (tm) automates the process online, inexpensively and efficiently. Go back to "Who can benefit from using PayOff (tm)?"

Setup Fee	$10
Service Fee	$72	(Example Cost)
Bill Fee	$ 8