Summary and Analytics

JeffB8033 decided to share a decisión with other Simonites. Here is the summary.

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Posted By:

JeffB8033

Decision Name:

Should I pay off my debt?

Date:

October 08th - 2009

Description:

Pay Off or Go bankrupt

Simon says:

Declare bankruptsy

Imaginative<br />Creative<br />Crafter<br />Performer<br />Composer<br />Independent<br />Inventive<br />Intuitive<br />Inspired<br />Productive<br />
Imaginative
Creative
Crafter
Performer
Composer
Independent
Inventive
Intuitive
Inspired
Productive

Primary Personality

Pleasure Seeking<br />Flexible<br />Adventurous<br />Non-Conforming<br />Friendly<br />Impetuous<br />Impulsive<br />Casual<br />Unconcerned<br />Relaxed<br />
Pleasure Seeking
Flexible
Adventurous
Non-Conforming
Friendly
Impetuous
Impulsive
Casual
Unconcerned
Relaxed

Secondary Personality

Intuitive

Decision style:

Intuitive

Importance

Important

Decision Outcome

Selected Tools

My Scores

My Alternatives

1
pay off debt
2
Declare bankruptsy
3
Don't pay off debt
4
Pay monthly minimum

My Factors

1
Quality of life
2
Happiness
3
Avoiding stress
4
Budget
5
Income
6
Costs
7
The economy
8
Gut instinct
9
Self-esteem
10
Resources
11
Avoiding consequences

Overall Results

Declare bankruptsy scored 17.00% higher than the next best option Don't pay off debt

How Simon calculates the result
1

Declare bankruptsy

83.03
2

Don't pay off debt

71.21
3

Pay monthly minimum

25.45
4

pay off debt

24.24

Results by tool for top 3 alternatives

# Selected Tools Declare bankruptsy Don't pay off debt Pay monthly minimum
1
 My Scores
83.03
71.21
25.45
Simon Points 83.03 71.21 25.45

Simonites' Comments (2)

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JeffB8033(owner)

2009-09-29

Thank you for you feedback. Much appreciated.

Roland Kratzer

2009-09-29

I would try to negotiate a reduction in your debt before moving forward with a decision. If you were able to structure a payment plan that reduced the principal balances, reduced the interest rates, included monthly payments that worked for your budget and reduced your stress level that seems preferable to bankruptcy, monthly minimum payments or a complete payment. If that was unsuccessful, then bankruptcy might be for you.
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