# Debt Reduction Calculator for Excel

## Quick Specs

• Version:
1.0
437,574
Nov. 20, 2007
• Price:
Free
• File Size:
915.97KB
284
• Platform:
Windows
• Product ranking:

## Publisher's Description

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User Reviews
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Results 1–10 of 16

1 stars

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

Looks like a good program, and good comments but won't open in vista

Cons

4 stars

"Good planning tool"

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

Easy to use. Lets you try a number of payment options to see how quickly you can pay down your debt. Lets you change the order of accounts to pay off.

Cons

Needed better explaination of some functions, like the 'snowball.'

Summary

This is a very easy to use program: Put in your accounts, total debt, interest rate, and minimum payment and choose the pay-off option you'd like. It calculate how much interest you'll pay overall and when you'll be out of debt. There were a few things that could have used better explainations. I thought there was some way to enter the amount of the 'snowball' but it is determined by putting in a larger total monthly payment. However having the 'snowball' function lets you see how much faster you can get out of debt. The second sheet is a spreadsheet listing the payments you'll be makiing each month. There is a way to enter one-time additional payments, but you have to be carefull because it messes up the spreadsheet. He does warn you about that, but it would be nice if you could do it automatically.

5 stars

"great application!"

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

really needed something to lay out payments per month, so i can get out of debt within the next year, this is perfect!!

Cons

nothing...

Summary

download it and you will be happy

3 stars

"Really like look"

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

I like that there are many sort option (by interest, amount, or a customized list)

Cons

I do not have the ability to add one payments (e.g., I had extra money to put towards debt on a particular month).

Summary

Great for a simple debt reduction spreadsheet.

1 stars

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

Looked promising

Cons

Could not download on laptop or my desktop computer

Summary

What IS the problem?? I tried to email on the listed site and got forwarded and forwarded like crazy.

4 stars

"Powerful calculator"

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

Can use up to 20 different debts (hopefully no one needs all 20!) and it's free.

Cons

I don't like how the calculator can only use one start date. If your debt changes, one would have to update all the other debt lines as well. But this is only a minor con.

Summary

Really helpful to see how long it could take to pay off debts. Good visual payoff schedule that goes month by month.

5 stars

"does just what it says it will"

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

just put in your current pay-off balances for up to 20 credit cards, educational loans, etc. Then, enter the interest rates and the minimum amount due for each. And the program will calculate the best way to pay it all off!

Cons

while the explanatory notes were necessary, i deleted them once i figured out how to work it and that cleared up the visual display.

Summary

i now know how much to put on each debt to pay it off the way i want to, with the least interest. and i know just how long it's going to take.....
;-{

5 stars

"Incredible, this really helped me get my debt in order"

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

simple. Does what I had expected. FREE

Cons

I can't complain

4 stars

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

Great little spreadsheet, really easy to use. Wish I knew Excel better to manipulate data more.

Cons

More "debt" capacity would be great - I wasn't able to add more lines

4 stars

"Very useful tool."

|  Version: Debt Reduction Calculator for Excel 1.0

Pros

I like the accuracy.

Cons

N/A

Results 1–10 of 16

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## Full Specifications

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What's new in version 1.0
This version is the first release on CNET Download.com.
General
Publisher Vertex42
Publisher web site http://www.vertex42.com
Release Date November 20, 2007
Date Added November 20, 2007
Version 1.0
Category
Category Productivity Software
Subcategory Personal Finance Software
Operating Systems
Operating Systems Windows NT/2000/XP/Vista
Additional Requirements Windows NT/2000/XP/Vista, Microsoft Excel/OpenOffice
File Size 915.97KB
File Name debt-reduction-calculator.zip
Popularity
Pricing
Limitations Not available
Price Free

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