My ex owes me $2400 from Dec 13,01 which is the court ordered date with interest (DEC 01 @ 8.241%), (JAN-DEC 02 @ 5.75%), (JAN-DEC 03 @ 4.50%) & beginning (JAN 04 @ 5.25).
She is paying it back starting DEC 03 @ $237.10 a month (her portion of my military retirement).
When would she be done paying me back?
She has OFFERED that if I waived the original debt ($2,400+ interest) she would agree to receiving $220 a month in retirement with no future raises.
I am 42 years old and I can't figure out how much the original loan + interest is and if I could possibly make up the original $2,400 and interest in my life time by taking her OFFER.
Any help would be greatly appreciated.

Not exact, but I figure you you would be owed about $2650 by the time payments are started.

At $237/mo there would be 11 monthly payments and a final payment of about $115.

If you take the $17 difference as a monthly payment at the same 5.25% rate, you can expect to recover the amount in about 22 years.

Right now she owes you about $ $2,439.62 (provided she made the December Payment. If she continues her monthly payments she'll have you paid off in November 2004, and only owe $130.25 in November. (give or take a buck for rounding). With the $17.10 your ex is proposing, it will take you 11 years 9 months to get the 2,400 back, less any interest you could have earned plus any cost of living adjustments you may receive.

I wouldn't WAIVE anything. Get the most payment up front and get it paid back to you quickly. She's already proven her unwillingness to comply with court ordered payment.

If you do decide to modify your original agreement, get it all in writing and approved by the court or you'll end up on TV in the Peoples Court.

My line-of-credit loan was paid in full on 8-22-05, but my bank is asking for $599.08 in accrued interest due on 8-29-05. I make auto payments directly from my checking account, but I notice that my payment is not applied to the balance until more than a month later.

Mr. Persfull, Do you always have to be so curt and rude with your responses?

So uncalled for, anon. I highly doubt he was "rude and curt". I suggest you re-read the post without adding any negativity to the over all tone.

How much accrued interest would I pay on a deferred loan of $917.00 if the payments are deferred for 6 months?

To figure this out, you need to provide the interest rate as well.

Can I separate my ex's part of a loan, the divorce decree says she is liable for half?

A divorce decree is a court order. But that doesn't affect the bank. If And B have a joint loan and A gets it in the divorce, but fails to pay, B still owes it to the bank. B may go after A for failure to follow a court order, but B still owes and will still get a credit report entry.

Can you separate interest for taxes? That is an IRS issue, not a banking question.