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Chicago Illinois Form 9465 Online: What You Should Know
There are three main things to consider in your installment plan. 1. Minimum monthly payments Pay for your installment payments. We have created the following table as an example to show how many months you can afford before you will owe on any installment payments. This is the amount of credit you will use first before we calculate your minimum monthly payment. Month Amount Payment Period Maximum Monthly Payment 3,050.00 8 (4,800.00) months 0.00 2,000.00 4 (2,800.00) months 0.00 3,000.00 6 (3,200.00) months 0.00 4,000.00 8 (4,400.00) months 0.00 In general, you can use whatever percentage of your monthly income is needed to pay your obligation, but you will want to pay the largest amount first. 2. Monthly payment periods For each payment period, the payment period will be based on the following rules for all installments: You will make every payment within 10 days after the end of each month. Payments are made on the 15th of each month and the 20th of each month. If the total obligation for a month is 5,000, you will be responsible for making the first payment by April 15, 2023. If you decide to make more than one installment during a month, make the minimum payment each payment period you are responsible for. 3. Payments Payment Period Monthly Payment Maximum Payment 1. 10/17/2019 4,933.33 2. 10/31/2019 3,933.33 3. 11/13/2019 3,933.33 4. 11/20/2019 3,933.33 5. 11/27/2019 3,933.33 6. 12/04/2019 3,933.33 7. 12/18/2019 3,933.33 8. 1/03/2020 3,933.33 9. 1/10/2020 3,933.33 For each installment your installment plan is a payment schedule to be met during the payment period. The payment schedule is as follows: Payments are made in equal monthly amounts over 10 days. At the end of each month, you will have a balance of the minimum monthly payment to meet your obligation.
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