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Mega Contributor
Creditaddict
Posts: 18,842
Registered: ‎10-23-2007

Does anyone have a calculator for going up not down?

Sorry that probably makes no sense....

 

Back in 01/29/2010 I finally got a "person" to put into a legal document the money that was owed to me and the terms so we could both move forward in a positive way.

Flash forward and not much has been paid and I have been cutting back like crazy lately and that has made me look at some other money options around and what things I had just let slip because I didn't need the money at the time (well I ALWAYS needed it but I talked myself out of it because of the stress) but I think stress of loosing things is now grown higher than ignoring.

 

I used Lendingkarma (sorry if I can't post) you input the loan amount, interest, fees if any, and term of loan, etc. and they print up legal documets per your state.  I didn't realize in the biginning that if I didn't go in and record a .01 (1 Penny!) payment and then check that I wanted to add that on to the back of the loan and charge the fee that the online system would not actually move the loan... so then I did that for about a year and then stopped agian... so I would like to get it updated because I'm not looking into attorney's and obviously they will need the bottom line of filing and pay for each of us if worth it!.

 

I was looking for a calculor that I could put start date and amount and then get it to calculate to 01/31/2013 adding in late fee and interest each month to reach my new total on the loan?! Any help would be great.

 

Thanks.

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Shogun
Posts: 12,890
Registered: ‎04-15-2011

Re: Does anyone have a calculator for going up not down?

Believe it or not, I totally understand where you're headed with this, but I'm unaware of a calc for it.


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Swapmeet
Posts: 1,313
Registered: ‎11-10-2012

Re: Does anyone have a calculator for going up not down?

This one is for mortgages, but you can adjust the term, interest rate...etc. I think it is what you need, I'm sorry if it's not. I hope this helps.

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Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: Does anyone have a calculator for going up not down?


Creditaddict wrote:

Sorry that probably makes no sense....

 

Back in 01/29/2010 I finally got a "person" to put into a legal document the money that was owed to me and the terms so we could both move forward in a positive way.

Flash forward and not much has been paid and I have been cutting back like crazy lately and that has made me look at some other money options around and what things I had just let slip because I didn't need the money at the time (well I ALWAYS needed it but I talked myself out of it because of the stress) but I think stress of loosing things is now grown higher than ignoring.

 

I used Lendingkarma (sorry if I can't post) you input the loan amount, interest, fees if any, and term of loan, etc. and they print up legal documets per your state.  I didn't realize in the biginning that if I didn't go in and record a .01 (1 Penny!) payment and then check that I wanted to add that on to the back of the loan and charge the fee that the online system would not actually move the loan... so then I did that for about a year and then stopped agian... so I would like to get it updated because I'm not looking into attorney's and obviously they will need the bottom line of filing and pay for each of us if worth it!.

 

I was looking for a calculor that I could put start date and amount and then get it to calculate to 01/31/2013 adding in late fee and interest each month to reach my new total on the loan?! Any help would be great.

 

Thanks.


Not quite sure, but it sounds like you are looking for a compound interest calculator basically?   Lots of those via google search (e.g)

 

http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

)

but the late fee is harder to accomodate.    If the late fee is fixed, the site posted will work (using the late fee as the "regular monthly deposit" field), but not if it is percentage.

 

But the math is very basic, and if you know any programming, you should be able to do it fairly easily.

Mega Contributor
Creditaddict
Posts: 18,842
Registered: ‎10-23-2007

Re: Does anyone have a calculator for going up not down?


Swapmeet wrote:

This one is for mortgages, but you can adjust the term, interest rate...etc. I think it is what you need, I'm sorry if it's not. I hope this helps.


I need reverse!

 

Loan Papers are:

 

03/28/2010 first payment due.

Loan is for $9,000.00

Interest Rate is 18.00%

Late fee after 5 days is $35.00

Loan term is 36 months.

If payment missed, the late fee is added and the interest is calculated and added to the END of the loan. Sorry my edit... it is added to next payment... I will post what I have and then maybe I'm actually wrong on the interest growing.....

 

 

Payment Number Amount Paid Amount Due Payment Due Date Date Received Interest Paid Principal Paid Balance After

Ico0417$0.01$3,387.6107/28/201103/05/2012$0.01$0.00$8,072.60
Ico0416$0.01$3,062.2506/28/201102/02/2012$0.01$0.00$8,072.60
Ico0415$0.01$2,736.8905/28/201111/28/2011$0.01$0.00$8,072.60
Ico0414$0.01$2,411.5304/28/201111/03/2011$0.01$0.00$8,072.60
Ico0413$0.01$2,086.1703/28/201110/03/2011$0.01$0.00$8,072.60
Ico0412$0.01$1,760.8102/28/201109/20/2011$0.01$0.00$8,072.60
Ico0411$0.01$1,435.4501/28/201108/12/2011$0.01$0.00$8,072.60
Ico0410$1,600.00$2,710.0812/28/201007/27/2011$755.07$844.93$8,072.60
Ico049$325.00$2,709.7111/28/201007/27/2011$325.00$0.00$8,917.53
Ico048$0.01$2,384.3510/28/201006/02/2011$0.01$0.00$8,917.53
Ico047$0.01$2,058.9909/28/201003/11/2011$0.01$0.00$8,917.53
Ico046$0.10$1,733.7208/28/201002/07/2011$0.10$0.00$8,917.53
Ico045$0.01$1,408.3607/28/201001/07/2011$0.01$0.00$8,917.53
Ico044$0.01$1,083.0006/28/201012/07/2010$0.01$0.00$8,917.53
Ico043$1.00$758.6305/28/201011/07/2010$1.00$0.00$8,917.53
Ico042$0.01$433.2704/28/201010/18/2010$0.01$0.00$8,917.53
Ico041$0.01$325.3703/28/201010/04/2010$0.00$0.01$8,917.53
Ico041$217.46 03/28/201003/03/2010$135.00$82.46$8,917.54

 

 

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Mega Contributor
Creditaddict
Posts: 18,842
Registered: ‎10-23-2007

Re: Does anyone have a calculator for going up not down?

3$ 0.00$ 2,516.72$ 9,000.00$ 6,382.23$ 15,382.26

 

 

Using the calculator posted... I would have this $15,382.26 with no payments... hard to throw in the 2 payments in the middle!

and also would then add in $35 late each month for 36 months?

 

This is fun to do if it was earnings! LOL this money is growing FAST! :smileytongue:

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
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Over 30 Cards in between :smileytongue:

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