DEBT Reducer Software HELP
Debt Reducer is designed to show you how to pay off your debt considerably faster than conventional payments.
DEBT Elimination
Please note:
You need to have Microsoft .NET Framework 2.0 on your computer for Debt Collection Manager to work.
To save your data for future use or print, you need to keep all files including in the ZIP file in the same folder as the program.
Getting Started: When you open the program, you will enter each of your debts in the table by Name, Amount, APR, and Monthly Payment. Then, enter any amount that you can pay extra each month, if any, in the box below. Next, the program allows for personal choice of whether you would like to pay off the debts in order of highest interest first or shortest payoff. Now, click calculate and your total monthly payment schedule will be calculated.
Payments: You will see at the top of the page, on the left is the total you will pay currently and your number of payments to total payoff. On the right you will see this revised if you follow the payment table below. You may click graph to see a graph page of your balance to payoff. You may click Calculate Savings to show how much money you will gain with interest by paying off early. You may also click Export to Excel.
How It Works: Debt Reducer takes what you are currently paying each month plus any extra you can afford. Once one debt is paid, it applies that amount to the next debt. In this way, your payments remain the same each month, but your total debt payoff can be in a little as half the time it would normally take.
Download the Debt Reducer Software totally free today.