Create a debt payoff strategy with your client in a visual and easy to understand way. Your client will be able to view debt payoff dates, strategies, and payment amounts. Utilizing a debt snowball, avalanche, highest payment first, or emotional debt payoff strategy, your client will be empowered to pay off debt more quickly and efficently.
-Input of up to 15 debts, including details about the debt including: a customizable name, category (credit card, student loan, car loan, home loan, or other), starting balance, minimum payment, interest rate, due date (for minimum payments), stress ranking, and notes.
-A visual chart displaying all debts by category.
-Debt payoff strategy break downs for the snowball, avalanche, highest payment first, and emotional payoff methods. Displays details about total interest paid (including a visual chart), years to payoff, and payoff date.
-Ability to select desired payoff method based on the break down explained above.
-Debts rearranged automatically based on the debt payoff method to display the sequence which the debts should be paid off.
-A monthly ammoritization schedule of all debts up to 30 years.
-A sum of all mimimum payments and the ability to add additional payments (both conistent/every month, and periodic/or occassional payments).
-Clear display of a debt free date.
-Automatic sum of addtional payments needed for each debt every month.