Debt Elimination Calculator

Описание: Tech Tip: Using the Debt Paydown Calculator in Circle of Wealth®

In this quick tech tip, we demonstrate one of our newer tools added to the Circle of Wealth® software — the Debt Elimination Calculator.

This feature helps advisors quickly illustrate strategies for helping clients eliminate debt using common approaches such as the debt snowball or debt avalanche method. By entering balances, interest rates, and monthly payments, you can show clients how additional payments can dramatically reduce the time it takes to become debt free.

In this video you’ll see how to:
• Enter different types of debts (credit cards, auto loans, etc.)
• Compare snowball vs. highest-interest payoff strategies
• Show clients how extra monthly payments accelerate debt payoff
• Generate debt elimination schedules and summaries
• Export reports to PDF or Excel for client documentation

This tool makes it easy to demonstrate the impact of debt payoff strategies and help clients visualize a clear path toward becoming debt free faster.

If you work with clients who want to eliminate debt more efficiently, this is a feature you’ll definitely want to explore.

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