The Debt Tracker

Debt to Income Ratio & Total Cost of Debt Caculator.

Our Brand New Debt Tracker Tool Will Put You Ahead Of Your Finances By Showing You At A Glance What Needs To Be Paid & When, What Debts Are Costing You The Most……..And How To Lower Your Bills So You Can Get Out Of Debt Faster.

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12 ways the Debt Tracker will help you today……

  1. See how much ALL your debt is costing in interest charges every month / year
  2. View the TOTAL monthly payment for ALL your debt in a single sheet and how much of that goes to pay the interest
  3. Analyse at ALL your credit cards, loans, mortgages AND assets and/or equity on a single balance sheet
  4. See ALL your debts and total assets in one place
  5. See which debt is costing you the most so that you can create a payoff schedule that minimises your interest charges and pays your total debt down faster
  6. Offset the interest or income the you EARN against the total COST of debt
  7. Calculate exactly how much money you will save every month by using your cash balances to pay off expensive debt.
  8. See how much $1 of debt costs you EVERY year in your current debt structure.
  9. See your mortgage loan to value percentage (LTV%)
  10. Calculate how much you can save by switching high interest debt onto 0% or lower debt vehicles (cards or loans)
  11. Evaluate the best way to restructure your debt so that you pay less for it, even if you can’t pay anything down.
  12. Get a snapshot view of your debt and credit situation right now

 

This free excel debt tracker download is available now, just add your email to the box ABOVE and I’ll send you the link over by return email.

Want to see exactly how it works?

    CLICK HERE

While you are waiting for your downloads to arrive, don’t forget that your first point of call should always be to check your credit score and make sure that ALL 3 agencies hold the CORRECT data about you. It’s surprising how often this is out of date and it seriously limits your choices for cheaper debt so please don’t apply for any new credit until you’ve checked this is all ok.

Second point would be to restructure what you have, either through 0% or lower interest cards or a consolidation loan. Take a look at our article on consolidation options first though.

If you have high interest cards and can’t get any free or cheaper credit, then you might want to consolidate or re-mortgage. Don’t take the first offer on this, shop around as much as you can, use comparison sites and do your research. If you are taking a new loan over a much longer time, make sure you run the numbers, just because the rate is lower it might still be more expensive if you’re paying it for a longer period of time.

Make a few copies of the debt calculator spreadsheet and test a few different scenarios to see what the end result might look like.

If you have a mortgage with a low LTV rate and high interest cards, this again could be an option but look closely at the numbers and if possible, get some impartial advice before you sign on the dotted line.

Know Your Credit Score
1. Check Your Credit Score
The Debt Tracker 1
2. Compare 0% Cards
Credit Cards
3. View Loan Options