The Debt Stacking Concept

The DebtWatchers Fast Pay Plan is unique in that it uses the Debt Stacking concept while also identifying an ideal way for you to pay off your debts.

The Debt Stacking concept assumes that: (1) you make consistent payments on all of your debts, (2) when you pay off the first debt in your plan, you add the payment you were making toward that debt to your existing payment on the next debt in your plan (therefore, you make the same total monthly payment each month toward your debts) (3) you continue this process until you have eliminated all of the debts in your plan.

Debt stacking is illustrated in the example below. When the retail card is paid off, the $100 is applied to credit card 2, accelerating its payment to $220. After credit card 2 is paid off, the $220 is applied to credit card 1 for a total payment of $355. The process is then continued until all debts are paid off. Note that the total payment per month remains constant.

Clients are responsible for making the plan payments (or minimum required payments, whichever is greater) on all their debts. Neither Primerica nor the Fast Pay Plan will make payments to their creditors.

Please see important disclosures.