15. Effect of hypothetical scenarios on credit score Source: identitymonitor.citi.com Credit Analyzer tool Event Effect on score Max out all my credit cards (8%) Miss 2 payments on all my credit cards (18%) Miss 1 payment on all my credit cards (16%) Miss 1 payment on one of my credit cards (11%) Consolidate all credit cards into one line of credit (1%) Declare bankruptcy (20%) Pay off debt on all my accounts 4% Close all unused accounts 0% Take out a student loan of $30 k (2%) Apply for credit 1 time without opening any accounts (1%) Apply for credit 5 times without opening any accounts (1%) Open a new credit card and transfer existing card balance representing 90% of the new limit (6%)

17. Comparison of some credit monitoring products One time score and report Monthly score & report (1 agency) Monthly scores & reports (All 3 agencies) www.myfico.com $42.84 *Report & score from all 3 agencies www.myfico.com Scorewatch: $8.95 * Experian score and report www.identityguard.com $11.99 per month www.myfico.com $15.95 report & score from 1 agency www.experian.com Triple Advantage: $14.95 * monthly monitoring of all scores, copy of Experian report and score monthly www.truecredit.com $14.99 per month Most of these products offer the same general features: Credit score simulation, fraud / ID theft alerts, ID theft insurance (not every product)

19. Example of an inventory Amt owing 4,000 3,500 1,000 6,000 30,000 44,500 Monthly min. pmt 50 40 80 197 608 $975 APR 30% 12% 15% 11% 8% 10.9% Pmt. status Late Up to date Late Up to date Up to date Creditor NYC Bank credit card Staten Island credit card Forever Young store card NYC Bank personal loan Graduate Bank student loan TOTAL

20. Tracking progress: Snowball method Illustration of Snowball method Jan-08 Feb-08 Mar-08 Creditor Amount owing Min monthly pmt APR Late pmt owing at 1/1/08 Amt paid Balance owing Amt paid Balance owing Amt paid Balance owing Forever Young store card 1,000 80 15.0% 240 320 693 390 311 315 0 Staten Island credit card 3,500 40 12.0% 0 40 3,495 40 3,490 155 3,370 NYC Bank credit card 4,000 50 30.0% 150 160 3,940 90 3,949 50 3,997 NYC Bank personal loan 6,000 197 11.0% 0 197 5,858 197 5,715 197 5,570 Graduate Bank student loan 30,000 608 8.0% 0 608 29,592 608 29,181 608 28,768 TOTAL 44,500 975 10.9% 1,325 43,578 1,325 42,646 1,325 41,705 Amount available for debt payments per budget: $1,325 Minimum monthly payment at January 1, 2008 $975 Excess available for debt paydown $350

21. Tracking progress: Highest APR method Illustration of Track High APR method Jan-08 Feb-08 Mar-08 Creditor Amount owing Min monthly pmt APR Late pmt owing at 1/1/08 Amt paid Balance owing Amt paid Balance owing Amt paid Balance owing NYC Bank credit card 4,000 50 30.0% 150 200 3,900 360 3,638 400 3,328 Forever young store card 1,000 80 15.0% 240 280 733 120 622 80 549 Staten Island credit card 3,500 40 12.0% 0 40 3,495 40 3,490 40 3,485 NYC Bank personal loan 6,000 197 11.0% 0 197 5,858 197 5,715 197 5,570 Graduate Bank student loan 30,000 608 8.0% 0 608 29,592 608 29,181 608 28,768 TOTAL 44,500 975 10.9% 1,325 43,578 1,325 42,645 1,325 41,701 Amount available for debt payments per budget: $1,325 Minimum monthly payment at January 1, 2008 $975 Excess available for debt paydown $350

22. Tracking progress: Snowball vs Highest APR method Comparison of the two methods over 12 months Balance owing at 12/31/08 Creditor Amount owing @ 1/1/08 APR Snowball High APR first Forever Young store card 4,000 30.0% 0 31 Staten Island credit card 1,000 15.0% (0) 0 NYC Bank credit card 3,500 12.0% 3,773 3,437 NYC Bank personal loan 6,000 11.0% 4,207 4,207 Graduate Bank student loan 30,000 8.0% 24,920 24,920 TOTAL 44,500 10.9% 32,901 32,596 Interest paid over the 12 months 4,301 3,996 Month in which 1st debt fully paid off March '08 Nov '08 Month in which 2nd debt fully paid off Nov '08 Jan '09