Excel debt reduction template

Follow Us On Amortization Schedule Amortization Chart. Sitemap Privacy Policy Terms of Use. Download the Credit Repair Edition of the debt reduction spreadsheet to first pay down each credit card to specific levels determined by your FICO score.

Once that goal is reached, the spreadsheet shows you how to start paying off all credit card balances. Start by entering your creditors, current balance, interest rates, and monthly payments to see your current total debt, average interest rate, and average monthly interest paid.

The spreadsheet will also show you the total number of monthly payments on your debt accounts. You will need to have an idea of how much money you will set aside each month toward paying off credit cards and other debt to activate the debt snowball features of the spreadsheet. Simply enter the amount you have planned for paying down the debt, and the spreadsheet will tell you what portion of that amount should be applied to the bill with the highest interest rate.

DebtTracker is not quite as elegant as the other spreadsheets on this list, but it has great features to sort and view your debt that are definitely useful. The worksheets come populated with some data so you can see how they work, and the download page includes a tutorial. You will need to enable macros in Excel to use the DebtTracker spreadsheet, which is also explained in the tutorial.

Enter all of your debts, including multiple credit cards, mortgage, and various types of loans, into the spreadsheet to start. Then you can change the view by sorting debts by type, interest rate, minimum payment , and other options. The advanced sorting is helpful if you're using a particular debt-payoff plan, such as the debt snowball.

If you're struggling to choose a debt-payoff method, this bare-bones free with email signup spreadsheet from Wise Woman Wallet can help you get a big-picture view of your options. Simply enter basic information about each of your debts, including the starting balance, current balance, interest rate, and minimum payment. With paid version you can manage debts from up to 50 creditors.

If you are planning to use this for your Advisory Agency or any other debts advisory business then you will be able to customize it with your company logo and address along with your customer's details like name and address.

Author Alex Bejanishvili of Spreadsheet License User License Agreement. Contact Us. Disclaimer - This calculator and information on this page is for educational and illustrative purposes only and not in any way meant to provide financial advise. We do not guarantee the results. Interest of your credit facilities is usually variable and therefore all calculation are only estimates and may not be appropriate to your unique financial situation.

Use this calculator at your own risk. You should seek the advice of qualified professionals regarding your Debt and Credit Card or Consumer Loan repayments. Purchase Now via clickbank or paypal Instant Download. Debt Reduction Manager Pro Professional 1. Check register with transaction codes. Annuity investment calculator. Net worth summary. Check register Simple design. Buy a car vs.

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